facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

90 Broad Street

Sher Tremonte Signs 10-Year Lease Renewal For 26405 Sq Ft At 90 Broad Street Manhattan
LEASEDOffice

Sher Tremonte Signs 10-Year Lease Renewal For 26405 Sq Ft At 90 Broad Street Manhattan

90 Broad Street

Building Size

26,405 SF

Asset Type

Office

Closing

Apr 3, 2026

AI

The asset involved in this transaction is an office space located at 90 Broad Street in Manhattan, covering an area of 26,405 square feet. The property is owned by Princeton International Properties and serves as the location for the law firm Sher Tremonte, which has leased the space since 2017. The lease is set for a duration of 10 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 90 Broad Street
  • Market: Manhattan
  • Landlord: Princeton International Properties
  • Tenant: Sher Tremonte
  • Landlord's Representative: Josh Turman - Princeton International Properties & Jonathan Fein - Cushman & Wakefield
  • Tenant's Representative: Seth Hecht - JLL

In this transaction, the law firm Sher Tremonte has opted for a lease renewal, emphasizing its ongoing commitment to occupying the space. The representatives involved in the deal include Josh Turman and Jonathan Fein for the landlord and Seth Hecht for the tenant, contributing to the successful negotiation of the lease renewal.

Players

Seth Hecht

JLL

Broker

5 deals

Broker
PP
Princeton International PropertiesLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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