First Look Media Leases 7,896 SF Office Space At 835 Broadway In New York
835 Broadway New York, NY 10003, USA
$87
$87/SF
Building Size
7,896 SF
Asset Type
Office
Closing
Jun 5, 2023
AI
The Feil Organization, represented by Andrew Wiener and Rob Fisher, leased out a 7,896-square-foot office space located at 835 Broadway in New York. The tenant, First Look Media, signed a five-year lease for the 10th floor production studio, with an asking rent of $87 per square foot. The property is currently undergoing renovations, including a new lobby with a floor-to-ceiling glass facade and new elevators. NOTE: First Look Media is a nonprofit organization that is relocating its New York City offices from Fifth Avenue to Broadway.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 835 Broadway
- Market: New York
The lease deal was facilitated by brokers Gary Stein, Ken Ruderman, and Michael Bertini of Savills.
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
182333.33%
Cash-on-Cash
-52111.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93