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:
- Property Type: Office
- Transaction Amount: $102/ft
- Square Footage: 14,116 RSF
- Landlord: Scott Rechler - RXR
- Tenant: Eric Schneider - BasePoint Group Inc.
- Landlord's Representative: Daniel Birney, Heidi Steinegger & Walter Rooney - RXR Realty
- Tenant's Representative: Hugh McDonald & Silvio Petriello - CBRE
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
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