facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

250 Broadway

WeWork Leases 60000 Square Feet Office Space At 250 Broadway In Manhattan
LEASEDOffice

WeWork Leases 60000 Square Feet Office Space At 250 Broadway In Manhattan

250 Broadway

Building Size

60,000 SF

Asset Type

Office

Closing

Jul 7, 2025

AI

The property asset involved in this transaction is located at 250 Broadway in Manhattan. The leased space encompasses a total of 60,000 square feet, situated across five floors and positioned within a prime office market in New York City.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 250 Broadway
  • Market: Manhattan
  • Landlord: AmTrust RE
  • Tenant: John Santora - WeWork
  • Brokers: Peter Riguardi & Clark Finney - JLL

Key individuals involved in the deal include John Santora representing WeWork as the tenant, alongside brokers Peter Riguardi and Clark Finney from JLL, who facilitated the leasing transaction. The deal highlights the resurgence of coworking demand in the city.

Players

Peter Riguardi

JLL

Broker

$38.2M

vol

17 deals

Broker
JLL
JLLBrokerage
John Santora

John Santora

WeWork

Tenant

3 deals

Tenant
WeWork
WeWorkTenant

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