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42 Broadway

LEASEDOffice

Alliance For Downtown New York Signs 14,420 Square Foot Lease At 42 Broadway With Cammeby’s

42 Broadway

Building Size

14,420 SF

Asset Type

Office

Closing

Aug 10, 2026

AI

The property involved in this transaction is an office space located at 42 Broadway, Financial District, encompassing a total square footage of 14,420. The transaction is noted for its relevance in the market, particularly within the Financial District of Manhattan.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 42 Broadway
  • Market: Financial District
  • Landlord: Rubin Schron & Avi Schron - Cammeby’s International Group
  • Tenant: Alliance for Downtown New York
  • Broker: John Wheeler - JLL

This lease marks a significant move for the Alliance for Downtown New York, which will relocate its operations division to the new office space while retaining its headquarters at 120 Broadway. The involvement of John Wheeler from JLL indicates professional representation in this transaction, ensuring a smooth leasing process for both parties.

Players

John Wheeler

JLL

Broker

$38.2M

vol

12 deals

Broker
Rubin Schron

Rubin Schron

Cammeby’s International Group

Landlord

$708.2M

vol

12 deals

Landlord
AY
Alliance for Downtown New YorkTenant

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