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375 West Broadway

Updated Oct 30, 2025

Sierra Leases 14,563 Square Feet Office Space At 375 West Broadway In SoHo
LEASEDOffice

Sierra Leases 14,563 Square Feet Office Space At 375 West Broadway In SoHo

375 West Broadway

Building Size

14,563 SF

Asset Type

Office

Closing

Oct 27, 2025

About this deal

AI

The property asset involved in this transaction is an office space located at 375 West Broadway in SoHo, Manhattan. The total square footage of the leased space is 14,563 square feet.

Summary of transaction details:

Sierra, a conversational AI platform, is opening its first office in New York City, expanding its presence beyond its locations in San Francisco, Atlanta, and London. The company intends to hire for agent development and sales roles as the landlord, Manova Partners, proceeds with renovations and ensures full occupancy in the historic building.

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Players

Brett Harvey

Newmark

Broker

$270M

vol

28 deals

Broker
CBRE
CBREBrokerage
Newmark
NewmarkBrokerage
Manova Partners
Manova PartnersLandlord
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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

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