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
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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 375 West Broadway
- Market: SoHo, Manhattan
- Landlord: Christian Goebel & Florian Winkle - Manova Partners
- Tenant: Sierra
- Landlord's Representative: Jeffrey Fischer & Conor Krup - CBRE
- Tenant's Representative: Brett Harvey, Howard Hersch, Jennifer Schreiber, Natalie Serio & Gregory Conen - Newmark
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.
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