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Empire State Realty Trust Leases Office Space At 1359 Broadway To LM Cohen

1359 Broadway
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This Office property located in NY was leased 11 months ago. The asking rent per square foot was $62. The brokers of the deal were Daniel Lolai, Raymond (Ray Balas) Balassiano, Wayne Siegel, Eric Siegel, and David Stockel

The office building at 1359 Broadway in New York City has been leased. The property spans a total of 31,362 square feet and features modern office spaces. The lease term is long-term, providing stability for the tenant.

Summary of transaction details

  • Property Type: Office
  • Asking Rent: $64/ft
  • Square Footage: 31,362
  • Lease Term: Long term
  • Date: 05/04/2023
  • Address: 1359 Broadway
  • Market: New York City

The landlord of the property is Empire State Realty Trust, while the sublandlord is Zentalis Pharmaceuticals. The tenant in this lease transaction is LM Cohen. Representing the landlord is David Stockel from CBRE. On the tenant's side, Daniel Lolai, Raymond Balassiano, Wayne Siegel, and Eric Siegel from LSL Advisors serve as the tenant's representatives.

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Deals
  • Location
    1359 Broadway1359 Broadway
  • Leased Value
    $62$62
  • Asking Rent
    $62 PSF$62 PSF
  • Area
    31,362 SF31,362 SF
  • Asset Type
    OfficeOffice
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Raymond (Ray Balas) Balassiano

Raymond (Ray Balas) Balassiano

Deals11
Leased11

Daniel Lolai

Daniel Lolai

Deals49
Sold$155M

Wayne Siegel

Wayne Siegel

Deals17
Sold$54.7M

David Stockel

David Stockel

Deals1
Leased1

Agencies

LSL Advisors

LSL Advisors

Agency
Deals136
Volume$365.7M

CBRE

CBRE

Agency
Deals4229
Volume$184.3B

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Deal Summary

LEASE IMAGE: Daniel Lolai, Raymond Balassiano, Wayne Siegel, Eric Siegel & David Stockel DATE: 05/04/2023 ADDRESS: 1359 Broadway MARKET: New York City ASSET TYPE: Office LANDLORD: Empire State Realty Trust SUBLANDLORD: Zentalis Pharmaceuticals TENANT: LM Cohen LANDLORD'S REP: David Stockel (@DStockelNYC) - CBRE (@CBRE) TENANT'S REP: Daniel Lolai (@DanLolai), Raymond Balassiano (@NYCCommercialRealEstate), Wayne Siegel & Eric Siegel - LSL Advisors (@LSLAdvisors) ASKING RENT: $64/ft ~ SF: 31,362 LEASE TERM: Long term

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1359 Broadway

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