Civic Entertainment Group Signs Seven-Year Lease Extension For 27180 Square Feet In NoMad
740 Broadway & 440 Lafayette Street
Building Size
27,180 SF
Asset Type
Office
Closing
Sep 4, 2025
About this deal
AI
The asset involved in this lease transaction includes office space spanning 27,180 square feet located at 740 Broadway and 440 Lafayette Street in the NoMad market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 740 Broadway & 440 Lafayette Street
- Market: NoMad
- Landlord: Eric Gural & Brian Steinwurtzel - GFP Real Estate
- Tenant: Civic Entertainment Group
- Brokers: Neith Stone & Allen Gurevich - GFP Real Estate
Civic Entertainment Group signed a seven-year lease extension and expansion for the office space across GFP Real Estate’s properties at 440 Lafayette Street and 740 Broadway.
On the Map
Office
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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