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165 Broadway

BKB Firm Signs Modified Gross Lease At 165 Broadway With Landlord Brookfield Properties
LEASEDOffice

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

Adelaide Polsinelli

Compass

Broker

$285M

vol

27 deals

Broker
VP
Vitruvian PartnersLandlord
BF
BKB FirmTenant

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

28.71%

Cash-on-Cash

-8.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93