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140 Broadway

Stinson LLP Signs 10-Year Lease For 13,400 Square Feet At 140 Broadway In Manhattan
LEASEDOffice

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:

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

William Grover

Newmark

Broker

$15.6M

vol

11 deals

Broker
David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
Newmark
NewmarkBrokerage
Union Investment
Union InvestmentLandlord

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