Rokt Leases 67680 Square Feet At 175 Varick St From Tishman Speyer In New York
175 Varick St, New York, NY, 10014
Building Size
67,680 SF
Asset Type
Commercial
Closing
Oct 4, 2022
AI
The property asset involved in this transaction is located at 175 Varick St, New York, NY, 10014. This lease comprises a total space of 67,680 square feet within the market of New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 175 Varick St, New York, NY, 10014
- Market: New York
- Square Feet: 67,680
- Tenant: Rokt
- Landlord: Tishman Speyer
- Tenant's Representatives: Carleigh Bettiol, Georgina Cook - Artisan Alliance
- Brokers: Gus Field - Tishman Speyer
This transaction involved key players such as Rokt as the tenant and Tishman Speyer as the landlord. The tenant was represented by Carleigh Bettiol and Georgina Cook from Artisan Alliance, while Gus Field represented Tishman Speyer in the brokerage capacity.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · 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