Woori Bank New York Agency Leases 19,000 SF Office At 1540 Broadway Midtown Manhattan
1540 Broadway
$89
$89/SF
Building Size
190,000 SF
Asset Type
Office
Closing
Dec 8, 2025
About this deal
AI
The transaction involves an office lease at 1540 Broadway in Midtown Manhattan. The asking rent is set at $92 per square foot for a total space of 19,000 square feet. The lease term is established for 22 years under a Full Service Gross lease type.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $92/ft
- Lease Term: 22 years
- Lease Type: Full Service Gross
- Landlord: GFP Real Estate
- Tenant: Woori Bank New York Agency
- Tenant's Representative: Charles Han & Josh Friedman - Newmark
- Broker: Douglas Levine - Newmark
This lease transaction was facilitated by Charles Han and Josh Friedman representing Woori Bank New York Agency, highlighting their roles in negotiating the terms. Douglas Levine served as the broker for the deal, ensuring a smooth leasing process between the landlord and tenant.
On the Map
$89
$89/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Charles Han to view all their deals.
Browse New York office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
178235.96%
Cash-on-Cash
-50940.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93