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Silverstein Properties Leases 109,000 SF Office Space At 120 Broadway To Housing Development Corporation

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LEASED
Kevin Sullivan
Brian Waterman
+ 4

New York

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Office109,000 SF
Leased
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Property Image
LEASED

Silverstein Properties Leases 109,000 SF Office Space At 120 Broadway To Housing Development Corporation

120 Broadway, New York City, New York 10005, United States

See Similar Deals
Office109,000 SF
Leased
Kevin Sullivan
Brian Waterman
+ 4
Contact now

Summary

NEW YORK
Asset Type:Office
Total Square Footage:109,000 SF
Transaction Type:Lease

Silverstein Properties has leased out an office space located at 120 Broadway in New York. The property, spanning 109,000 square feet, was leased to Housing Development Corporation. The deal was facilitated by Newmark, with brokers Joseph Artusa, Keith Cody, Harlan Strader, Erik Harris, Scott Klau, Brian Waterman, Lance Korman, and Kevin Sullivan representing both parties. The lease was agreed upon at an asking rent of $60 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 120 Broadway, New York
  • Tenant: Housing Development Corporation
  • Landlord: Silverstein Properties
  • Brokers: Joseph Artusa, Keith Cody, Harlan Strader, Erik Harris, Scott Klau, Brian Waterman, Lance Korman, and Kevin Sullivan - Newmark
  • Asking Rent: $60/ft.

The leasing of the office space at 120 Broadway was orchestrated by brokers Joseph Artusa, Keith Cody, Harlan Strader, Erik Harris, Scott Klau, Brian Waterman, Lance Korman, and Kevin Sullivan from Newmark. Silverstein Properties and Housing Development Corporation finalized the agreement for the 109,000 square foot property. This transaction exemplifies the successful collaboration between the two companies.

Players

7 deals
BROKER


Erik Harris
Newmark
26 deals$300.4M volume
BROKER

Harlan Strader
Silverstein Properties
9 deals$165M volume(212) 551-7374
BROKER

Brian Waterman
Newmark
30 deals$300.4M volume
BROKER

Lance Korman
Newmark
9 deals$52.7M volume
BROKER

Kevin Sullivan
Newmark
10 deals$52.7M volume
BROKER

Silverstein Properties
LANDLORD

Details

LEASED
IMAGE: Tal Kerret, Roger Silverstein, Larry Silverstein, Lisa Silverstein, Marty Burger & Cory Silverstein DATE: 08/15/2022 ADDRESS: 120 Broadway MARKET: New York ASSET TYPE: Office LANDLORD: Silverstein Properties TENANT: Housing Development Corporation BROKERS: Joseph Artusa, Keith Cody, Harlan Strader, Erik Harris, Scott Klau, Brian Waterman, Lance Korman & Kevin Sullivan - Newmark ASKING RENT: $60/ft. ~ SF: 109,000

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Deal Type
Effective Rent (Annual)

$6,247,814.22

Total Lease Value

$62,478,142.25

Net Landlord Cash Flow$6,247,814.22