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
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