Rob Speyer Of Tishman Speyer Acquires Medical Office Building At 148 Lafayette Street For $108M
148 Lafayette Street
$108,000,000
Building Size
—
Asset Type
Medical Office
Closing
May 6, 2025
AI
The asset involved in the transaction is a medical office located at 148 Lafayette Street in SoHo. The property is a 13-story building comprising 150,000 square feet and is being sold for $108,000,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $108,000,000
- Buyer: Rob Speyer - Tishman Speyer
- Seller: Steven Elghanayan - Epic
- Brokers: Adam Doneger, Adam Spies, Avery Silverstein, Douglas Harmon, Joshua King & Marcella Fasulo - Newmark
- Date of Transaction: 05/06/2025
- Market: SoHo
Tishman Speyer is under contract to purchase the property, marking their first Manhattan office acquisition since 2019. The brokers involved in this deal are from Newmark, signifying a well-coordinated effort in the transaction process.
Players
New York Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93