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
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