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520 Broadway

Jon Ma Of Artemis Signs Five-Year Sublease For Office Space At 520 Broadway SoHo
LEASEDOffice

Jon Ma Of Artemis Signs Five-Year Sublease For Office Space At 520 Broadway SoHo

520 Broadway

$110

$110/SF

Building Size

5,539 SF

Asset Type

Office

Closing

Jun 20, 2025

AI

The asset involved in this transaction is an office space located at 520 Broadway in the SoHo market of Manhattan. The property features a sublease for a total of 5,539 square feet and was made available at an asking rent of $110 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $110/ft
  • Address: 520 Broadway
  • Market: SoHo, Manhattan
  • Landlord: John Z. Kukral - Northwood Investors
  • Tenant: Jon Ma - Artemis
  • Brokers: Adam Henick & Robert Kluge - Current Real Estate Advisors
  • Square Footage: 5,539

The individuals facilitating this transaction include landlord representative John Z. Kukral from Northwood Investors and tenant representative Jon Ma from Artemis. The brokerage team, consisting of Adam Henick and Robert Kluge from Current Real Estate Advisors, played a pivotal role in brokering the deal.

Players

Adam Henick

Current Real Estate Advisors

Broker

$1.6M

vol

16 deals

Broker
Current Real Estate Advisors
Current Real Estate AdvisorsBrokerage

John Kukral

Northwood Investors

Landlord

$466.6M

vol

6 deals

Landlord
Northwood Investors
Northwood InvestorsLandlord

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

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93