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1700 Broadway

Pachulski Stang Ziehl & Jones Leases Office Space At 1700 Broadway From Rockpoint
LEASEDOffice

Pachulski Stang Ziehl & Jones Leases Office Space At 1700 Broadway From Rockpoint

1700 Broadway

Building Size

13,643 SF

Asset Type

Office

Closing

Mar 27, 2025

AI

The asset involved in this transaction is an office space located at 1700 Broadway in New York City. The property encompasses a total area of 13,643 square feet. The landlord for this lease is Rockpoint.

Summary of transaction details:

Key individuals in this transaction include Brad Sandler representing Pachulski Stang Ziehl & Jones as the tenant, and multiple brokers from Newmark facilitating the deal. The brokers involved are Bernard Weitzman, David Falk, Brian Waterman, Peter Shimkin, and Daniel Levine.

Players

Brian Waterman

Newmark

Broker

$300.4M

vol

30 deals

Broker
David Falk
Verified Badge

David Falk

Newmark

Broker

61 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93