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:
- Property Type: Office
- Transaction Amount: $65/ft
- Lease Term: 10-year lease
- Landlord: Kenneth Walsh, James Buslik & John Perlman - Adams & Company
- Tenant: Chris Paquette - DeepIntent
- Landlord's Representative: David Levy - Adams & Company
- Tenant's Representatives: Matthew DeRose, Megan Gallagher & William Janetschek - Nomad Group
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
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