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148 Lafayette Street

Rob Speyer Of Tishman Speyer Acquires Medical Office Building At 148 Lafayette Street For $108M
SOLDMedical Office

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:

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

Adam Doneger

Newmark

Broker

$50.1B

vol

190 deals

Broker
Avery Silverstein
Verified Badge

Avery Silverstein

Newmark

Broker

$15.1B

vol

65 deals

Broker
Rob Speyer

Rob Speyer

Tishman Speyer

Buyer

$4B

vol

37 deals

Buyer

Steven Elghanayan

Seller

$290M

vol

4 deals

Seller

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