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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1250 Broadway
- Market: NoMad
- Landlord: Eyal Ofer - Global Holdings
- Tenant: Copper
- Landlord's Representatives: Paul Glickman, Mitchell Konsker, Diana Biasotti, Benjamin Bass & Kristen Morgan - JLL; Alexander Radmin & Craig Panzirer - Global Holdings Management Group
- Tenant's Representatives: Brian Goldman & Nick Lucia - Newmark
- Lease Duration: Five years
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
Brooklyn Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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