A Manhattan office tower at dusk

AI systems for
Manhattan office firms

We transform how your firm operates - from spreadsheets, inboxes and memory to efficient AI workflows and automations.

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01deal screening

Evaluate deals faster

The offering memo runs through your own underwriting. You get the bottom line against your strike zone, with the model behind it.

02lease analysis

Know what you are signing

The LOI read into the terms you negotiate on, with the clauses that should not be there flagged before you respond.

03building information

Know what's going on in every building

Construction, leasing, permits, legal and open requests, per building and per floor, on one system that stays up to date on its own.

Underwriting model · 120,000 SFv3
AssumptionValueOutputValue
Purchase price$58,000,000Price / SF$483
In-place NOI$3,940,000Going-in cap6.8%
Occupancy78%WALT4.2 yrs
In-place rent$52 / SFMarket rent$58 / SF
Debt · LTV60% · 6.9%DSCR1.31x
Exit cap · yr 57.0%Yield on cost8.1%
Levered IRR16.4%Equity multiple1.9x
Deal 0412Class B · Midtown
Proceedstrike zone 5 / 6
Price / SF$483under $500
Going-in cap6.8%over 6.5%
Levered IRR16.4%over 15%
Occupancy78%under 80%
Basis vs replacement52%under 60%

Letter of Intent

Floor 12 · 6,400 RSF · draft 3 · received today

1. Term. Twelve (12) years from the Commencement Date, with one (1) five-year renewal at fair market value.

2. Rent abatement. Eleven (11) months of base rent abated.

3. Electricity. Submetered. Tenant pays actual consumption plus an administrative fee of ten percent (10%) of the utility charge.

4. Tenant improvements. Allowance of $95.00 per rentable square foot.

5. Expansion. Right of first offer on the 11th floor.

LOI · terms1 flag
Term12 years
Free rent11 months
TI$95 / SF
ExpansionROFO, floor 11
Electric admin fee 10%Market is 5%. Flagged for the counter.
Fifth AveSeventh AveBroadwayThird Ave
Floor 14
Floor 13·
Floor 123
Floor 11
Floor 101
Floor 9
Floor 8·
Floor 7
Floor 12 · 6,400 RSFupdated 9:40
Constructionpre-built · drywall done · walkthrough Thuon track
LeasingLOI out · 6,400 RSF · $62in negotiation
PermitsDOB Alt-2 · filed 8/28in review
Legalsublease consent · with counseldue Fri
Requestsafter-hours HVAC · key cards2 open

before and after

From spreadsheets, inboxes and memory to systems

We learn how your firm runs its processes, then turn them into systems.

Before
  • Work lives in people's heads
  • Spreadsheets, inboxes and memory
  • Manual follow-up, every time
  • The principal does the analyst's work
  • "Where did we leave off?"
After
  • Work runs in the background
  • One organized system of record
  • Follow-up that happens on its own
  • Your time goes to what only you can do
  • You always know where things stand

what clients say

Manhattan owners who work with Trophy

Or cares about your project like it's his own. He knows real estate, he goes the extra mile, and he never once made us feel like we were asking too much.

Michael BeydaBenchmark Properties

Trophy knows the NY office market, the sites look great, and our buildings now have a web presence that boosts our leasing efforts

Julian ZarZar Property

Trophy's campaigns accelerate your leasing timeline and improve the impression the building leaves on brokers and tenants.

Benjamin BlumenthalNoah & Co

Very happy with the speed and quality. The upgrades to our original renderings made a big impact.

Maurice TawilAmTrustRE

Fast turnaround and attention to every detail. Trophy got it right the 1st time.

Dan LolaiLSL Advisors

start with one system

See what we would build first

We learn how your firm works today and show you the first system. Not advice, not a roadmap, not a tool you have to figure out.

Book a call info@trophy.inc · (212) 470-7457