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
About this deal
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.
On the Map
$65
$65/SF
Office
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Players
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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