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4 Bryant Park

DeepIntent Leases 14,000 Sq. Ft. Office Space At 4 Bryant Park For $65/ft
LEASEDOffice

DeepIntent Leases 14,000 Sq. Ft. Office Space At 4 Bryant Park For $65/ft

4 Bryant Park

$65

$65/SF

Building Size

14,000 SF

Asset Type

Office

Closing

Feb 26, 2025

AI

The property asset involved in this transaction is an office space located at 4 Bryant Park in Midtown Manhattan, comprising 14,000 square feet. The asking rent for the lease was $65 per square foot.

Summary of transaction details:

DeepIntent, a health care advertising firm, signed a 10-year lease, relocating from 1450 Broadway to this new space, which will enable the company to continue helping pharmaceutical companies reach patients more effectively.

Players

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker
James Buslik

James Buslik

Landlord

$64.1M

vol

9 deals

Landlord

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93