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LS Power Renews 13,700 Square Foot Lease At Rockpoint's 1700 Broadway In Midtown Manhattan
LEASED
New York
See Similar DealsOffice13,700 SF
Leased 01/09/2025
LEASED
LS Power Renews 13,700 Square Foot Lease At Rockpoint's 1700 Broadway In Midtown Manhattan
1700 Broadway
See Similar DealsOffice13,700 SF
Leased 01/09/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$85
Total Square Footage:13,700 SF
Transaction Type:Lease
The office asset located at 1700 Broadway in Midtown Manhattan consists of a lease renewal for 13,700 square feet on the 38th floor. The asking rent for this property is set at $85 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $85/ft
- Square Footage: 13,700
- Address: 1700 Broadway
- Market: Midtown Manhattan
- Landlord: Keith Gelb - Rockpoint
- Tenant: LS Power
- Landlord's Representative: David Falk & Peter Shimkin - Newmark
- Tenant's Representative: Benjamin Friedland, Gary Davies & Taylor Scheinman - CBRE
The deal features the involvement of key representatives from real estate firms, with David Falk and Peter Shimkin acting as the landlord's representatives from Newmark, while the tenant is represented by Benjamin Friedland, Gary Davies, and Taylor Scheinman from CBRE.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,334,968.75
Total Lease Value
$13,349,687.46
Net Landlord Cash Flow$1,334,968.75
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