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1250 Broadway

Copper Signs Five-Year Lease For 7985 Square Feet At 1250 Broadway In NoMad
LEASEDOffice

Copper Signs Five-Year Lease For 7985 Square Feet At 1250 Broadway In NoMad

1250 Broadway

Building Size

7,985 SF

Asset Type

Office

Closing

Jul 21, 2025

AI

The property involved in this transaction is an office asset located at 1250 Broadway in the NoMad market. The space encompasses 7,985 square feet situated on the 25th floor of Global Holdings' NoMad Tower.

Summary of transaction details:

Copper signed the lease for the specified office space, facilitated by Newmark’s representatives Brian Goldman and Nick Lucia. The deal highlights the involvement of various brokerage teams working on behalf of both the landlord and tenant in this transaction.

Players

Benjamin Bass

JLL

Broker

$770M

vol

27 deals

Broker
Newmark
NewmarkBrokerage
JLL
JLLBrokerage
Eyal Ofer

Eyal Ofer

Global Holdings

Landlord

$590.8M

vol

12 deals

Landlord
Global Holdings
Global HoldingsLandlord

Brooklyn 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