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
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