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120 Broadway

Bitfarms Ltd Leases Office Space At 120 Broadway In Financial District For $68/ft
LEASEDOffice

Bitfarms Ltd Leases Office Space At 120 Broadway In Financial District For $68/ft

120 Broadway

$68

$68/SF

Building Size

9,288 SF

Asset Type

Office

Closing

Jan 11, 2026

AI

The asset involved in this transaction is an office space located at 120 Broadway in the Financial District. The property is leased under a Modified Gross Lease structure with an asking rent of $68 per square foot for a total area of 9,288 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $68/ft
  • Address: 120 Broadway
  • Market: Financial District
  • Landlord: Silverstein Properties
  • Tenant: Bitfarms Ltd
  • Landlord's Representative: Harlan Strader - Silverstein Properties
  • Tenant's Representatives: Daniel Lolai & Michael Hymowitz - LSL Advisors

This lease transaction involved key representatives from both sides. Harlan Strader represented Silverstein Properties, while Daniel Lolai and Michael Hymowitz represented Bitfarms Ltd through LSL Advisors.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
Silverstein Properties
Silverstein PropertiesBrokerage
LSL Advisors
LSL AdvisorsBrokerage
Silverstein Properties
Silverstein PropertiesLandlord

New York 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

233279.41%

Cash-on-Cash

-66671.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93