WB Property Group Leases 12,000 SF Office Space To Semafor In SoHo At $100 Per SF
495 Broadway
$100
$100/SF
Building Size
12,000 SF
Asset Type
Office
Closing
Oct 1, 2026
About this deal
AI
The asset involved in the transaction is an office space located at 495 Broadway, situated in the SoHo market of Manhattan. The asking rent for this 12,000 square feet property is $100 per square foot. The lease type is a modified gross lease and it involves the landlord WB Property Group and the tenant Semafor.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $100/ft
- Square Footage: 12,000
- Address: 495 Broadway
- Market: SoHo, Manhattan
- Landlord: WB Property Group
- Tenant: Semafor
- Tenant's Representative: Christopher Okada & Ken Lerner - Okada & Company
- Lease Type: Modified Gross Lease
This transaction highlights the involvement of Christopher Okada and Ken Lerner, who represent Semafor through their agency Okada & Company. The leasing agreement represents a strategic move for the tenant in a prominent market area.
On the Map
$100
$100/SF
Office
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93