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195 Broadway, New York, NY,...

Michael Thomas Of Cushman & Wakefield Represents Tenant In Office Lease At 195 Broadway, New York
LEASEDOffice

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

Michael Thomas

Cushman & Wakefield

Broker

$29M

vol

3 deals

Broker
LC
L&L Holding CompanyLandlord

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