Ben Leventhal Of Blackbird Labs Inc. Leases Office At 632 Broadway In Noho For 10 Years
632 Broadway
$943,902
$943,902/SF
Building Size
11,511 SF
Asset Type
Office
Closing
Sep 21, 2025
AI
The property involved in this transaction is an office asset located at 632 Broadway, situated in the Noho market of Manhattan. The asking rent for this lease is $78 per square foot, with a total area of 11,511 square feet. The lease term is set for 10 years and 10 months, structured as a modified gross lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $78/ft
- Address: 632 Broadway
- Market: Noho, Manhattan
- Lease Term: 10 years 10 months
- Lease Type: Modified Gross Lease
- Landlord: Bradley Fishel & Kenneth Fishel - Renaissance Properties
- Tenant: Ben Leventhal - Blackbird Labs, Inc.
- Landlord's Rep: JD Cohen & Ariel Harwood - Newmark
- Broker: Adam Leshowitz - CBRE
The individuals involved in this transaction include Bradley Fishel and Kenneth Fishel representing the landlord alongside their brokerage Newmark led by JD Cohen and Ariel Harwood. The tenant, Ben Leventhal, is with Blackbird Labs, Inc., and the transaction was brokered by Adam Leshowitz from CBRE.
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
16.81%
Cash-on-Cash
-4.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93