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195 Broadway New York, New ...

The Messenger Subleases 41,854 SF At L&L Holding Company's 195 Broadway In Financial District
LEASEDOffice

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

Laura Pomerantz

Cushman & Wakefield

Broker

4 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