Heisman Trophy Trust Leases 5,000 Square Feet At 120 Broadway In Manhattan For 10 Years
120 Broadway
Building Size
5,000 SF
Asset Type
Office
Closing
Nov 5, 2026
About this deal
AI
The property involved in this lease transaction is an office space located at 120 Broadway in the Financial District of Manhattan. The office spans 5,000 square feet and is situated on the 13th floor. The lease agreement is set for a term of 10 years, beginning in 2027.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 120 Broadway
- Market: Financial District, Manhattan
- Asset Size: 5,000 square feet
- Landlord: Lisa Silverstein - Silverstein Properties
- Tenant: Heisman Trophy Trust
- Landlord's Representative: Joseph Artusa - Silverstein Properties
- Tenant's Representative: Michael Norris - Cushman & Wakefield
- Lease Terms: 10 years
In this transaction, the Heisman Trophy Trust is relocating its headquarters from 111 Broadway to the new location at 120 Broadway. The deal involves significant representation from both parties, with Joseph Artusa representing the landlord and Michael Norris representing the tenant.
On the Map
Office
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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