Brookfield Properties Leases 8,100 SF Office Space At One Liberty Plaza In Financial District, Lower Manhattan
165 Broadway
$55
$55/SF
Building Size
8,100 SF
Asset Type
Office
Closing
Aug 11, 2023
About this deal
AI
The property involved in this lease transaction is located at 165 Broadway - One Liberty Plaza in the Financial District of Lower Manhattan. It is an office space with a total square footage of 8,100. The lease is being offered as a sub-lease by the sublandlord, Cleary Gottlieb Steen & Hamilton LLP, to the subtenant, JFB Legal. The lease term is set to be 8 years. The asking rent for this space is $55 per square foot.
Summary of transaction details
- Property Type: Office
- Asking Rent: $55/ft
- Square Footage: 8,100
- Address: 165 Broadway - One Liberty Plaza
- Market: Financial District, Lower Manhattan
- Landlord: Brookfield Properties
- Sublandlord: Cleary Gottlieb Steen & Hamilton LLP
- Subtenant: JFB Legal
- Brokers: Adelaide Polsinelli & Lauren Curcio - Compass
- Lease Type: Sub-lease
- Lease Term: 8 years
The deal was facilitated by brokers Adelaide Polsinelli and Lauren Curcio from Compass. They played a key role in connecting the sublandlord and subtenant, helping negotiate the terms of the lease transaction. Their expertise in the Financial District market contributed to the successful conclusion of this deal.
On the Map
$55
$55/SF
Office
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Players
Market 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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93