The Feil Organization Leases 8,013 Square Feet Office Space To Perplexity AI In Manhattan
853 Broadway
$68
$68/SF
Building Size
8,013 SF
Asset Type
Office
Closing
May 25, 2025
AI
The asset involved in the transaction is an office space located at 853 Broadway in Manhattan. The property has a total square footage of 8,013, and the asking rent is set at $68 per square foot. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 853 Broadway
- Market: Manhattan
- Landlord: The Feil Organization
- Tenant: Perplexity AI
- Landlord's Representatives: Andrew Wiener, Robert Fisher & Henry Korzec - The Feil Organization
- Tenant's Representatives: Justin Haber, Kyle Riker & Emma Gill - JLL
The transaction showcases the involvement of various key representatives, including Andrew Wiener, Robert Fisher, and Henry Korzec who represent the landlord, The Feil Organization. On the tenant's side, Justin Haber, Kyle Riker, and Emma Gill represent Perplexity AI as part of JLL, facilitating the lease agreement.
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
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93