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1700 Broadway

LS Power Renews 13,700 Square Foot Lease At Rockpoint's 1700 Broadway In Midtown Manhattan
LEASEDOffice

LS Power Renews 13,700 Square Foot Lease At Rockpoint's 1700 Broadway In Midtown Manhattan

1700 Broadway

$85

$85/SF

Building Size

13,700 SF

Asset Type

Office

Closing

Jan 9, 2025

AI

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:

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.

Players

David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker

Peter Shimkin

Newmark

Broker

$10M

vol

33 deals

Broker

New York 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

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93