facebook

traded

+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

165 Broadway

Cleary Gottlieb Renews 475,000 Square Feet Lease At 165 Broadway Manhattan For 20 Years
LEASEDOffice

Cleary Gottlieb Renews 475,000 Square Feet Lease At 165 Broadway Manhattan For 20 Years

165 Broadway

Building Size

475 SF

Asset Type

Office

Closing

May 3, 2026

AI

165 Broadway is an office asset located in Manhattan. Cleary Gottlieb renewed its lease for 475,000 square feet, emphasizing a long-term commitment to the space at Brookfield Properties’ One Liberty Plaza for a duration of 20 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 165 Broadway
  • Market: Manhattan
  • Landlord: Lowell Baron - Brookfield Properties
  • Tenant: Cleary Gottlieb
  • Landlord's Representative: Mark Weiss & Josh Kuriloff - Cushman & Wakefield
  • Tenant's Representative: Moshe Sukenik & Brian Cohen - Newmark
  • Lease Term: 20 years

This transaction indicates the involvement of key brokerage representatives in facilitating the lease renewal, with Mark Weiss and Josh Kuriloff representing the landlord and Moshe Sukenik and Brian Cohen representing the tenant, highlighting the collaboration of major players in the commercial real estate sector.

Players

Lowell Baron

Brookfield Properties

Landlord

$254.6M

vol

3 deals

Landlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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