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195 Broadway

Orchestra Signs Lease For 42000 Square Feet At L&L Holding's 195 Broadway In Lower Manhattan
LEASEDOffice

Orchestra Signs Lease For 42000 Square Feet At L&L Holding's 195 Broadway In Lower Manhattan

195 Broadway

Building Size

42,000 SF

Asset Type

Office

Closing

Sep 16, 2024

AI

The property involved in this transaction is located at 195 Broadway in Lower Manhattan, consisting of an office space with a total area of 42,000 square feet. The asset is owned by L&L Holding Company, which is participating in this leasing process.

Summary of transaction details:

This lease agreement was signed by Orchestra, a conglomerate of PR firms, which plans to consolidate all its companies at the new location by early 2025.

Players

Tanya Grimaldo

L&L Holding Company

Broker

7 deals

Broker
Durst Organization
Durst OrganizationBrokerage

Brooklyn 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