Michael Thomas Of Cushman & Wakefield Represents Tenant In Office Lease At 195 Broadway, New York
195 Broadway, New York, NY, 10007
Building Size
41,878 SF
Asset Type
Office
Closing
Feb 8, 2022
AI
The property at 195 Broadway, located in New York, serves as an office asset. It spans a total of 41,878 square feet and is positioned within the busy market of New York. The building is part of a 29-story structure and is situated within half a mile of Code Climate's previous location at 54 W. 21st St.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Date: 02/08/2022
- Address: 195 Broadway, New York, NY, 10007
- Market: New York
- Square Feet: 41,878
- Tenant's Representative: Michael Thomas - Cushman & Wakefield
- Landlord: L&L Holding Company
- Lease Duration: 10 years
Michael Thomas, a Senior Managing Director at Colliers, successfully negotiated the lease on behalf of the tenant, Code Climate. The company's new headquarters will occupy the entire 20th floor of the building, which is conveniently located near the Cortland St. Metro Station and Millennium Park.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93