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1359 Broadway

Infinium Wall Systems Expands New York Office Footprint With Lease At 1359 Broadway For 30,017 SF
LEASEDOffice

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:

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

Robert Lowe

Cushman & Wakefield

Broker

17 deals

Broker
IS
Infinium Wall SystemsBuyer

Anthony E. Malkin

Empire State Realty Trust

Landlord

$913M

vol

15 deals

Landlord

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