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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 45 East 53rd Street
- Market: Plaza District
- Landlord: James Tamborlane - ZG Capital
- Tenant: Bramshill Investments
- Brokers: Mitchell Konsker, Alexander Chudnoff, Benjamin Bass, Gregory Wang & Thomas Swartz - JLL
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
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