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838 Broadway

Hilton Hotels & Resorts Leases 13,619 Square Feet At 838 Broadway From ZG Capital Partners
LEASEDOffice

Hilton Hotels & Resorts Leases 13,619 Square Feet At 838 Broadway From ZG Capital Partners

838 Broadway

Building Size

13,619 SF

Asset Type

Office

Closing

Jul 17, 2025

AI

The asset involved in this transaction is located at 838 Broadway in Manhattan. It has a total square footage of 13,619 square feet and is classified as an office space. The property is under the ownership of ZG Capital Partners, which has recently renovated the building.

Summary of transaction details:

This lease transaction represents Hilton Hotels & Resorts securing the entire sixth floor of the property under a 10-year agreement, demonstrating an expansion in their office footprint in Manhattan. The brokers facilitating this deal include a team from JLL, showcasing expertise in leasing commercial properties.

Players

Benjamin Bass

JLL

Broker

$770M

vol

27 deals

Broker
JLL
JLLBrokerage

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93