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632 Broadway

Ben Leventhal Of Blackbird Labs Inc. Leases Office At 632 Broadway In Noho For 10 Years
LEASEDOffice

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

JD Cohen

Newmark

Broker

$14.8M

vol

13 deals

Broker
CBRE
CBREBrokerage
Newmark
NewmarkBrokerage
Kenneth Fishel

Kenneth Fishel

Renaissance Properties NY

Landlord

$173.1M

vol

6 deals

Landlord
RN
Renaissance Properties NYLandlord

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