Unity Technologies Leases 10,000 Square Feet At 817 Broadway In Manhattan For Full Occupancy
817 Broadway
Building Size
—
Asset Type
Office
Closing
Aug 11, 2025
AI
The asset involved in this transaction is an office space located at 817 Broadway in the Union Square market of Manhattan. The building encompasses a total of 140,000 square feet, which has now reached full occupancy following the recent lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 817 Broadway
- Market: Union Square, Manhattan
- Landlord: Charles R. Bendit & Paul E. Pariser - Taconic Partners; William Huffman - Nuveen Real Estate
- Tenant: Matthew Bromberg - Unity Technologies
- Landlord's Representative: Daniel Levine, David Falk & Jason Greenstein - Newmark
- Tenant's Representative: Gabe Marans - Savills
In this transaction, Unity Technologies leased 10,000 square feet within the building, effectively securing their space in a fully occupied asset. Savills provided representation for the tenant, while the landlord's interests were represented by Newmark during the lease negotiation process.
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