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75 Rockefeller Plaza

BasePoint Capital Expands Office Space At 75 Rockefeller Plaza With Five-Year Lease In Midtown Manhattan
LEASEDOffice

BasePoint Capital Expands Office Space At 75 Rockefeller Plaza With Five-Year Lease In Midtown Manhattan

75 Rockefeller Plaza

$102

$102/SF

Building Size

14,116 SF

Asset Type

Office

Closing

Jan 27, 2025

AI

The property asset involved in this transaction is located at 75 Rockefeller Plaza in Midtown Manhattan. This office space has a total square footage of 14,116 RSF. The asking rent for this space is set at $102 per square foot. The existing tenant, BasePoint Group Inc., has renewed its lease and expanded within the building.

Summary of transaction details:

The deal's key individuals include Scott Rechler representing RXR as the landlord, and Eric Schneider, who represents BasePoint Group Inc. as the tenant. The tenant's representatives, Hugh McDonald and Silvio Petriello, from CBRE, facilitated the negotiation for the lease renewal and expansion, while Daniel Birney, Walter Rooney, and Heidi Steinegger handled the landlord's interests for RXR Realty.

Players

Anthony LoPresti

Cushman & Wakefield

Broker

11 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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

155519.61%

Cash-on-Cash

-44447.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93