facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

165 Broadway

Brookfield Properties Leases 8,100 SF Office Space At One Liberty Plaza In Financial District, Lower Manhattan
LEASEDOffice

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

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.

Players

Adelaide Polsinelli

Compass

Broker

$285M

vol

26 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

Market 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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93