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
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