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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 250 Broadway
- Market: Lower Manhattan
- Landlord: Jonathan Bennett - AmTrust RE
- Tenant: New York City Taxi and Limousine Commission
- Landlord's Representatives: Bradley Gerla, Michael Rizzo & Alex Benisatto - CBRE; Anne Holker - AmTrust
- Tenant's Representative: Gus Field - Cushman & Wakefield
- Expected Occupancy: Q1 2027
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
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