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250 Broadway

Rose & Rose Leases 14,067 Square Feet At 250 Broadway From AmTrust RE In Manhattan
LEASEDOffice

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:

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

Bradley Gerla

CBRE

Broker

$116.1M

vol

12 deals

Broker
Norman Bobrow & Company
Norman Bobrow & CompanyBrokerage
Jonathan Bennett

Jonathan Bennett

AmTrust RE

Landlord

$322.9M

vol

10 deals

Landlord

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