Stinson LLP Signs 10-Year Lease For 13,400 Square Feet At 140 Broadway In Manhattan
140 Broadway
Building Size
13,400 SF
Asset Type
Office
Closing
Jul 28, 2025
AI
The property asset involved in the transaction is located at 140 Broadway in Manhattan. This office space spans a total of 13,400 square feet. Stinson LLP is the tenant occupying this space under a 10-year lease agreement, having relocated its New York City office from 100 Wall Street. The landlord for this property is Union Investment.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 140 Broadway
- Market: Manhattan
- Square Footage: 13,400
- Landlord: Union Investment
- Tenant: Stinson LLP
- Brokers: David Falk, Hal D. Stein, Eric Cagner, Jonathan Franzel, Daniel Appel, Claire Koeppel, Ross Perlman, John Beach, William Grover - Newmark
The deal involved numerous key individuals and companies, with representation from Newmark. The brokers involved in the transaction include David Falk, Hal D. Stein, Eric Cagner, Jonathan Franzel, Daniel Appel, Claire Koeppel, Ross Perlman, John Beach, and William Grover, who facilitated the lease agreement between Union Investment and Stinson LLP.
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