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1675 Broadway

Davis & Gilbert LLP Expands Midtown HQ With 35th Floor Lease At 1675 Broadway
LEASEDOffice

Davis & Gilbert LLP Expands Midtown HQ With 35th Floor Lease At 1675 Broadway

1675 Broadway

Building Size

98,124 SF

Asset Type

Office

Closing

Nov 13, 2023

AI

Davis & Gilbert LLP, a law firm, has expanded its Midtown headquarters at 1675 Broadway by adding 12,022 square feet on the 35th floor through a new 13-year lease. This brings their total space in the building to 98,124 square feet. The building is located in the Midtown market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1675 Broadway
  • Market: Midtown
  • Square Footage: 98,124 SF

The landlord for this lease is Robert Steinman from Rudin. The tenant, Davis & Gilbert LLP, was represented by Christopher Hogan, Lewis Miller, and Michael Wellen from CBRE.

Players

Robert Steinman

Rudin Management Company

Broker

11 deals

Broker
Robert Steinman

Robert Steinman

Rudin Management Company

Landlord

11 deals

Landlord

Brooklyn Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93