Infinium Wall Systems Expands New York Office Footprint With Lease At 1359 Broadway For 30,017 SF
1359 Broadway
Building Size
30,017 SF
Asset Type
Office
Closing
Jul 20, 2026
AI
The asset involved in the transaction is an office space located at 1359 Broadway in Manhattan, encompassing a total area of 30,017 square feet. The lease pertains to Infinium Wall Systems, which is expanding its New York footprint with this acquisition beyond its current showroom at 44 E. 32nd Street.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1359 Broadway
- Market: Manhattan
- Tenant: Infinium Wall Systems
- Landlord: Anthony E. Malkin - Empire State Realty Trust
- Landlord's Representative: Jordan Berger, Shanae Ursini & Kerry Lavelle - ESRT
- Tenant's Representative: Sarah Pontius, Jerica Lam, Carleigh Bettiol, Charlotte Reaman - Artisan Alliance; Robert Lowe, Ron Lo Russo, Anthony LoPresti, Dan Organ - Cushman & Wakefield
This lease agreement highlights the involvement of various representatives from both the landlord and tenant sides. Notably, the landlord is represented by a team from Empire State Realty Trust, while the tenant's interests are managed by representatives from both Artisan Alliance and Cushman & Wakefield as they facilitate this significant expansion for Infinium Wall Systems.
Players
Brooklyn 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93