BKB Firm Signs Modified Gross Lease At 165 Broadway With Landlord Brookfield Properties
165 Broadway
$552,500
$552,500/SF
Building Size
11,050 SF
Asset Type
Office
Closing
Jul 6, 2026
AI
The property asset involved in the transaction is located at 165 Broadway in the Financial District. It is an office space with an area of 11,050 square feet. The asking rent for this space is $55 per square foot, and the lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $55/ft
- Address: 165 Broadway
- Market: Financial District
- Asset Type: Office
- Landlord: Brookfield Properties
- Sublandlord: Vitru
- Subtenant: BKB Firm
- Subtenant's Representative: Lauren Curcio & Adelaide Polsinelli - Compass
The deal involves key representatives Lauren Curcio and Adelaide Polsinelli from Compass, who represent the subtenant, BKB Firm, in this transaction. Their involvement showcases their role in facilitating the lease agreement within this competitive market.
Players
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
28.71%
Cash-on-Cash
-8.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93