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1400 Broadway

Empire State Realty Trust Leases Office Space To Cutie Pie Inc At 1400 Broadway
LEASEDOffice

Empire State Realty Trust Leases Office Space To Cutie Pie Inc At 1400 Broadway

1400 Broadway

$68

$68/SF

Building Size

19,010 SF

Asset Type

Office

Closing

Oct 19, 2025

AI

The asset involved in this transaction is located at 1400 Broadway in the Garment District, representing office space. The asking rent is set at $68 per square foot for a total of 19,010 square feet leased under a Modified Gross Lease arrangement.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $68/ft
  • Address: 1400 Broadway
  • Market: Garment District
  • Landlord: Empire State Realty Trust
  • Tenant: Cutie Pie Inc
  • Landlord's Representative: Michael Poch - CBRE
  • Tenant's Representatives: Wayne Siegel, Raymond (Ray Balas) Balassiano & Daniel Lolai - LSL Advisors
  • Lease Type: Modified Gross Lease

The deal showcases the representation of the landlord and tenant, with Michael Poch representing Empire State Realty Trust, while the tenant's interests are represented by Wayne Siegel, Raymond Balassiano, and Daniel Lolai, all from LSL Advisors.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker
LSL Advisors
LSL AdvisorsBrokerage
CBRE
CBREBrokerage
Empire State Realty Trust
Empire State Realty TrustLandlord

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