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835 Broadway New York, NY 1...

First Look Media Leases 7,896 SF Office Space At 835 Broadway In New York
LEASEDOffice

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

Gary Stein

Savills

Broker

$20M

vol

4 deals

Broker
Andrew Wiener

Andrew Wiener

The Feil Organization

Landlord

33 deals

Landlord
The Feil Organization
The Feil OrganizationLandlord

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