The Messenger Subleases 41,854 SF At L&L Holding Company's 195 Broadway In Financial District
195 Broadway New York, New York 10007, USA
Building Size
41,854 SF
Asset Type
Office
Closing
May 18, 2023
AI
The Messenger has secured a 41,854-square-foot sublease for its offices on the 25th floor of L&L Holding Company's 195 Broadway in Manhattan's Financial District. The office space, located at 195 Broadway, is situated in the heart of the Financial District. The property offers a total of 41,854 square feet of office space for lease. The deal involves a sublease agreement, allowing The Messenger to occupy the space on a temporary basis.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Market: Financial District
- Address: 195 Broadway
- Tenant: The Messenger
- Landlord: L&L Holding Company
The Messenger was represented in the deal by brokers Peter Trivelas, Gary Ceder, Laura Pomerantz, Ethan Silverstein, and Theodora Livadiotis from Cushman & Wakefield. Their expertise helped negotiate and secure the 41,854-square-foot sublease for The Messenger's offices at 195 Broadway. The exact duration and terms of the sublease agreement were not disclosed in the available information.
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