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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1700 Broadway
- Market: New York City
- Square Feet: 13643.0
- Tenant: Brad Sandler - Pachulski Stang Ziehl & Jones
- Landlord: Rockpoint
- Brokers: Bernard Weitzman - Newmark, David Falk - Newmark, Brian Waterman - Newmark, Peter Shimkin - Newmark, Daniel Levine - Newmark
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
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