HUBB NYC Signs 11,578 Square Foot Office Lease At 1501 Broadway In Midtown Manhattan
1501 Broadway
Building Size
11,578 SF
Asset Type
Office
Closing
Nov 2, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 1501 Broadway, Midtown Manhattan, featuring a total square footage of 11,578. The property is part of the Paramount Building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1501 Broadway
- Market: Midtown Manhattan
- Landlord: Levin Management & Rosemark Management, Inc
- Tenant: HUBB NYC
- Landlord's Representative: Ryan Alexander & Anthony Manginelli - CBRE
- Lease Signed: Yes
Ryan Alexander and Anthony Manginelli represented the landlord in this transaction, facilitating the lease between Levin Management & Rosemark Management, Inc and HUBB NYC. The lease was signed for the fifth floor office space within the property.
On the Map
Office
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Players
Brooklyn Office Market Snapshot
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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