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
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