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120 Broadway

Ekimetrics Relocates U.S. Office To 120 Broadway In Financial District
LEASEDOffice

Ekimetrics Relocates U.S. Office To 120 Broadway In Financial District

120 Broadway

$69

$69/SF

Building Size

24,367 SF

Asset Type

Office

Closing

Mar 26, 2024

AI

The office property at 120 Broadway in Chelsea, Manhattan, was leased in a transaction involving a 10-year lease for 24,367 square feet on the 29th floor. The landlord, Harlan Strader of Silverstein Properties, leased the space to Mirek Zlotkowski of Ekimetrics at an asking rent of $69 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not applicable
  • Address: 120 Broadway, Manhattan
  • Market: Chelsea, Manhattan
  • Landlord: Harlan Strader - Silverstein Properties
  • Tenant: Mirek Zlotkowski - Ekimetrics
  • Landlord's Rep: Erik Harris - Newmark
  • Tenant's Rep: Eric Ferriello - Colliers
  • Asking Rent: $69 per square foot
  • Lease Term: 10-year lease

Ekimetrics, a Parisian data science consulting firm, is relocating its U.S. office from Chelsea to the Financial District as part of this lease agreement. The deal was facilitated with the representation of Erik Harris from Newmark for the landlord and Eric Ferriello from Colliers for the tenant.

Players

Erik Harris

Newmark

Broker

$300.4M

vol

27 deals

Broker

Chelsea Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

229898.55%

Cash-on-Cash

-65705.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93