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250 Broadway

LEASEDOffice

New York City Taxi And Limousine Commission Leases 39,000 Square Feet At 250 Broadway

250 Broadway

Building Size

39,000 SF

Asset Type

Office

Closing

Jul 30, 2026

AI

The property involved in this transaction is located at 250 Broadway in Lower Manhattan. It is an office asset with a total area of 39,000 square feet, specifically leasing the fourth floor and part of the fifth floor. The transaction is part of the Lower Manhattan market.

Summary of transaction details:

This lease agreement was facilitated by multiple representatives working for the landlord and tenant. The landlord's side included Bradley Gerla, Michael Rizzo, and Alex Benisatto from CBRE, alongside Anne Holker from AmTrust. The tenant was represented by Gus Field from Cushman & Wakefield.

Players

Alex Benisatto

CBRE

Broker

4 deals

Broker
NC
New York City Taxi and Limousine CommissionBuyer
Jonathan Bennett

Jonathan Bennett

AmTrust RE

Landlord

$322.9M

vol

12 deals

Landlord
NC
New York City Taxi and Limousine CommissionTenant

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