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45 East 53rd Street

Bramshill Investments Leases Office Space At 45 East 53rd Street From ZG Capital
LEASEDOffice

Bramshill Investments Leases Office Space At 45 East 53rd Street From ZG Capital

45 East 53rd Street

Building Size

Asset Type

Office

Closing

Jul 14, 2025

AI

The property involved in this transaction is an office space located at 45 East 53rd Street in the Plaza District. The asset features a total footprint of 7,145 square feet, specifically occupying the entire ninth floor. The premises have recently undergone renovations, enhancing its appeal in the competitive market.

Summary of transaction details:

JLL was instrumental in securing the first lease at the newly renovated Park 53, representing both the landlord and tenant in this transaction. The team comprising Mitchell Konsker, Alexander Chudnoff, Benjamin Bass, Gregory Wang, and Thomas Swartz played a crucial role in facilitating the deal between ZG Capital and Bramshill Investments.

Players

Alexander Chudnoff

JLL

Broker

$38.2M

vol

19 deals

Broker
JLL
JLLBrokerage
James Tamborlane

James Tamborlane

ZG Capital

Landlord

$197.3M

vol

8 deals

Landlord

Brooklyn 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