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Darrow AI Leases Office Space At 276 5th Avenue In NoMad Represented By LSL Advisors

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LEASED
$82

New York

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Office8,168 SF
Leased 02/12/2025
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Property Image
LEASED

Darrow AI Leases Office Space At 276 5th Avenue In NoMad Represented By LSL Advisors

276 5th Avenue

See Similar Deals
Office8,168 SF
Leased 02/12/2025
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$82
Total Square Footage:8,168 SF
Transaction Type:Lease

The property asset involved in the transaction is located at 276 5th Avenue in the NoMad market. It is classified as an office asset, with a total square footage of 8,168. The landlord, 276 Fifth LLC, has established an asking rent of $82 per square foot for the space, which operates under a modified gross lease.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $82/ft
  • Square Footage: 8,168
  • Address: 276 5th Avenue
  • Market: NoMad
  • Landlord: 276 Fifth LLC
  • Tenant: Darrow AI
  • Landlord's Representative: Christel Engel - Colliers
  • Tenant's Representatives: Eric Siegel & Daniel Lolai - LSL Advisors
  • Lease Type: Modified Gross Lease

The deal features significant involvement from key representatives, including Christel Engel of Colliers representing the landlord, and Eric Siegel and Daniel Lolai of LSL Advisors representing the tenant, Darrow AI. The collaboration of these representatives facilitated the successful completion of the leasing transaction.

Players

Christel Engel
5 deals(917) 696-3532
BROKER

Daniel Lolai
LSL Advisors
91 deals$211.9M volume
BROKER

Eric Siegel
LSL Advisors
56 deals$96M volume(732) 615-8506
BROKER

Details

LEASED
IMAGE: Daniel Lolai, Christel Engel & Eric Siegel DATE: 02/12/2025 ADDRESS: 276 5th Avenue MARKET: NoMad ASSET TYPE: Office LANDLORD: 276 Fifth LLC TENANT: Darrow AI LANDLORD'S REP: Christel Engel - Colliers (@ColliersInternational) TENANT'S REP: Eric Siegel (@EricSiegelll) & Daniel Lolai (@DanLolai) - LSL Advisors (@LSLAdvisors) ASKING RENT: $82/ft ~ SF: 8,168 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$767,823.12

Total Lease Value

$7,678,231.23

Net Landlord Cash Flow$767,823.12