SHoP Architects Signs 15-Year Lease Renewal For 56000 SF At 233 Broadway With Rubin Schron
233 Broadway
Building Size
56,000 SF
Asset Type
Office
Closing
Mar 10, 2026
AI
The asset involved in the transaction is office space located at 233 Broadway in the Lower Manhattan market. The total space leased by SHoP Architects amounts to 56,000 square feet. This deal pertains to a lease renewal and expansion at the Woolworth Building.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 233 Broadway
- Market: Lower Manhattan
- Landlord: Rubin Schron - Cammeby’s International Group
- Tenant: SHoP Architects
- Broker: Brian Siegel - The Lawrence Group
- Lease Term: 15-year lease
SHoP Architects has been headquartered at the Woolworth Building since 2013. The recent lease renewal and expansion underscores their ongoing commitment to this location, with Brian Siegel representing the interests of the landlord, Rubin Schron.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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