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
About this deal
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.
On the Map
Office
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Players
New York Office Market Snapshot
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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