GDSNY Leases 23,031 SF Office Space To Parloa Inc At 1245 Broadway For $125/ft
1245 Broadway
$125
$125/SF
Building Size
23,031 SF
Asset Type
Office
Closing
May 25, 2026
AI
The asset involved in the transaction is an office space located at 1245 Broadway in the NoMad market. The property encompasses 23,031 square feet and is available under a Modified Gross Lease, with an asking rent of $125 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $125/ft
- Address: 1245 Broadway
- Market: NoMad
- Landlord: GDSNY
- Tenant: Parloa Inc
- Landlord's Rep: Michael Kirchmann
- Tenant's Rep: Eric Siegel, Daniel Lolai & Chery Anavian - LSL Advisors
- Lease Type: Modified Gross Lease
The deal involved GDSNY as the landlord and Parloa Inc as the tenant, with representation from Michael Kirchmann for the landlord. The tenant's interests were represented by Eric Siegel, Daniel Lolai, and Chery Anavian from LSL Advisors, showcasing a team effort in facilitating the leasing arrangement.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93