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74 Broad Street

Nassimi Realty Leases Office Space To Haize Labs At 74 Broad Street For $50/ft
LEASEDOffice

Nassimi Realty Leases Office Space To Haize Labs At 74 Broad Street For $50/ft

74 Broad Street

$50

$50/SF

Building Size

4,679 SF

Asset Type

Office

Closing

Oct 22, 2025

AI

The office asset located at 74 Broad Street, 6th Floor (PH) in the Financial District features a total square footage of 4,679. The lease agreement was settled at an asking rent of $50 per square foot and is structured as a modified gross lease with a term of 2 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $50/ft
  • Lease Term: 2 years
  • Lease Type: Modified Gross Lease
  • Landlord: Nassimi Realty
  • Tenant: Haize Labs
  • Landlord's Representative: Steven Evans, Emre Bozkurt, Joseph Zalta - Platinum Properties
  • Tenant's Representative: Isaac Leader - Handler Real Estate Organization

This transaction involved several key individuals with notable roles. The landlord was represented by Steven Evans, Emre Bozkurt, and Joseph Zalta from Platinum Properties, while Isaac Leader from Handler Real Estate Organization represented the tenant, Haize Labs.

Players

Steven Evans

Platinum Commercial

Broker

$36.1M

vol

47 deals

Broker
Handler Real Estate Organization
Handler Real Estate OrganizationBrokerage

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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93