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860 Broadway

LEASEDOffice

Annabelle Selldorf Of Selldorf Architects Renews 13,815 SF Lease At 860 Broadway For 10 Years

860 Broadway

Building Size

13,815 SF

Asset Type

Office

Closing

Aug 8, 2026

AI

The property asset involved in this transaction is an office space located at 860 Broadway in the Flatiron District, encompassing a total area of 13,815 square feet. The lease for this property was renewed for a term of 10 years.

Summary of transation details:

This lease renewal allows Selldorf Architects to extend its presence at the property, marking a two-decade association with Gordon Property Group at this location. The brokers involved in facilitating this deal were Seth Hecht from JLL and Erik Schmall and Scott Weiss from Savills.

Players

Seth Hecht

JLL

Broker

5 deals

Broker

Tim Gordon

Gordon Property Group

Landlord

2 deals

Landlord
Annabelle Selldorf

Annabelle Selldorf

Selldorf Architects

Tenant
Tenant

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