BarkBox Subleases 51,220 Square Feet Office To Adaptive Security At 120 Broadway, Manhattan
120 Broadway
Building Size
51,220 SF
Asset Type
Office
Closing
Apr 20, 2026
AI
The property asset involved in this transaction is an office space located at 120 Broadway in the Financial District of Manhattan. The office spans 51,220 square feet and is owned by Silverstein Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Sublease
- Address: 120 Broadway
- Market: Financial District, Manhattan
- Landlord: Lisa Silverstein - Silverstein Properties
- Tenant: Brian Long - Adaptive Security
- Lease Term: Sublease
This transaction involves BarkBox subleasing its office space to Adaptive Security, an AI cybersecurity firm. Adaptive Security will occupy the 12th floor of the building, continuing the utilization of the office space within the Financial District.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93