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233 Broadway

SHoP Architects Signs 15-Year Lease Renewal For 56000 SF At 233 Broadway With Rubin Schron
LEASEDOffice

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

Brian Siegel

The Lawrence Group

Broker

2 deals

Broker
Cammeby’s International Group
Cammeby’s International GroupLandlord
SHoP Architects
SHoP ArchitectsTenant

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