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
About this deal
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.
On the Map
Office
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Players
New York Office Market Snapshot
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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