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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 838 Broadway
- Market: Manhattan
- Lease Term: 10 years
- Landlord: Darren Zar - ZG Capital Partners
- Tenant: Hilton Hotels & Resorts
- Brokers: Dan Evans, Mitchell Konsker, Benjamin Bass, Jeff Groh, Gregory Wang & Thomas Swartz - JLL
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
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