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11 Times Sq

Rabin Pfeffer & Partners Renews 10 Year Lease At 11 Times Square With Landlord Steve Pozycki
Office

Rabin Pfeffer & Partners Renews 10 Year Lease At 11 Times Square With Landlord Steve Pozycki

11 Times Sq

Building Size

10,881 SF

Asset Type

Office

Closing

Jul 21, 2025

AI

This lease transaction involves an office asset located at 11 Times Square in Manhattan, covering a total area of 10,881 square feet. Rabin Pfeffer & Partners has renewed its lease for another 10 years, having occupied part of the 10th floor since 2021.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 11 Times Square
  • Market: Manhattan
  • Landlord: Steve Pozycki - SJP Properties
  • Tenant: Rabin Pfeffer & Partners
  • Landlord's Representative: Alexander Erdos - SJP Properties
  • Tenant's Representative: Sam Seiler - JLL

The renewal of the lease highlights the long-term commitment of Rabin Pfeffer & Partners to the location, supported by the involvement of representatives from SJP Properties and JLL in facilitating the agreement.

Players

Sam Seiler

CBRE

Broker

$270M

vol

6 deals

Broker
SJP Properties
SJP PropertiesBrokerage
JLL
JLLBrokerage
SJP Properties
SJP PropertiesLandlord
Rabin Pfeffer & Partners
Rabin Pfeffer & PartnersTenant

New York Office Market Snapshot

Boundary boundary · Office · All transaction types 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