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853 Broadway

The Feil Organization Leases 8,013 Square Feet Office Space To Perplexity AI In Manhattan
LEASEDOffice

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:

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

Kyle Riker

JLL

Broker

11 deals

Broker
The Feil Organization
The Feil OrganizationBrokerage
JLL
JLLBrokerage
Perplexity AI
Perplexity AITenant

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