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
About this deal
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.
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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