Deal Room · Live

1400 Broadway · Air Rights Acquisition

New York, NY · Deal AIREx-DR-4821 · 148,000 sf residual FAR

Confidential · SOC 2Stage: LOI Countersigned Target close · Dec 14

$41.2M

Deal size

148,000 sf

Air rights

8

Active parties

127

Documents versioned

Documents · versioned & audited

Confidentiality Agreement (NDA).pdf

Executed · v2 · uploaded by Broker

Letter of Intent — Air Rights.pdf

Countersigned · v4 · uploaded by Seller Counsel

ALTA Survey.pdf

Delivered · v1 · uploaded by Surveyor

Zoning Analysis Memorandum.pdf

In review · v3 · uploaded by Buyer Counsel

Environmental Phase I.pdf

Pending · uploaded by AKRF

Draft Purchase Agreement.docx

Redline round 2 · uploaded by Both counsels

Tasks

Order title commitment

Whitmore · Due Fri

Schedule engineering review

Thornton · Due Aug 6

Submit MIH pre-application

Municipality liaison · Due Aug 12

Negotiate rooftop lease terms

Broker · Due Aug 15

Finalize purchase agreement

Counsel · Due Aug 21

Messages · #purchase-agreement

Elena Ruiz · Broker2m

New comparable trade on 42nd — $189/sf TDR. Uploading now.

David Cho · Buyer Counsel18m

Redline v3 attached — see §4.2 on FAR representations.

AIREx Negotiator1h

Flagged 3 unresolved issues: (1) survey exceptions, (2) rooftop assignment, (3) MIH conditions.

Municipal Liaison3h

Pre-application confirmed for Aug 12 window.

Informational only. Deal Room contents are illustrative. Executed transactions require counsel, title, engineering and municipal verification.