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1633 Broadway

Natixis Signs Long-Term Lease For 202875 SF Office At 1633 Broadway In Midtown Manhattan
LEASEDOffice

Natixis Signs Long-Term Lease For 202875 SF Office At 1633 Broadway In Midtown Manhattan

1633 Broadway

Building Size

202,875 SF

Asset Type

Office

Closing

Jan 6, 2026

AI

The property involved in this transaction is an office asset located at 1633 Broadway in Midtown Manhattan. It encompasses a total area of 202,875 square feet. The market for this asset is classified as Midtown Manhattan.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1633 Broadway
  • Market: Midtown Manhattan
  • Landlord: Michael Nierenberg - Rithm Capital
  • Tenant: Mohamed Kallala - Natixis
  • Broker: Robert Lowe - Cushman & Wakefield

This transaction involves Natixis, which is relocating its office in Midtown NYC and has signed a long-term lease for the space at 1633 Broadway. The new office location is situated two blocks away from its former space at 1251 Avenue of the Americas.

Players

Robert Lowe

Cushman & Wakefield

Broker

22 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Rithm Capital
Rithm CapitalLandlord
Natixis
NatixisTenant

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