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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 195 Broadway
- Market: Lower Manhattan
- Landlord: L&L Holding Company
- Tenant: Orchestra
- Landlord's Representative: Giannina Brancato, Jonathan Tootell & Tanya Grimaldo - L&L Holding Company
- Tenant's Representative: Mary Ann Tighe & Zachary Price - CBRE
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
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