Rose & Rose Leases 14,067 Square Feet At 250 Broadway From AmTrust RE In Manhattan
250 Broadway
Building Size
14,067 SF
Asset Type
Office
Closing
May 1, 2025
AI
The asset involved in this transaction is an office space located at 250 Broadway in Manhattan. The property encompasses a total of 14,067 square feet and is managed by AmTrust RE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 250 Broadway
- Market: Manhattan
- Landlord: Jonathan Bennett - AmTrust RE
- Tenant: Rose & Rose
- Landlord's Representative: Alexander Benisatto, Bradley Gerla & Michael Rizzo - CBRE, Norman Bobrow & Company
Rose & Rose has signed a lease for the 14,067-square-foot space, expanding from their previous location at 291 Broadway where they occupied 9,000 square feet. This move is geared towards accommodating headcount growth.
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