Owen D. Thomas Of Boston Properties Leases 83000 Square Feet To Snowflake At 7 Times Square
7 Times Sq
Building Size
83,000 SF
Asset Type
Office
Closing
Mar 2, 2026
AI
The asset involved in this transaction is located at 7 Times Sq in Manhattan. It is classified as an office asset with a total square footage of 83,000. The lease reflects the current market dynamics in Manhattan's commercial real estate sector.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 7 Times Sq
- Market: Manhattan
- Landlord: Owen D. Thomas - Boston Properties
- Tenant: Snowflake
Owen D. Thomas represents Boston Properties in this lease transaction, with Snowflake as the tenant. This lease is notable as it marks Manhattan’s largest new lease in February.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93