Billie Extends 12875 Square Foot Lease At 100 Crosby Street In SoHo For Five And A Half Years
100 Crosby Street new york
Building Size
12,875 SF
Asset Type
Office
Closing
Oct 30, 2024
AI
The property involved in this transaction is an office asset located at 100 Crosby Street in SoHo, Manhattan, covering a total area of 12,875 square feet. The lease was extended for an additional five and a half years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 100 Crosby Street
- Market: SoHo, Manhattan
- Landlord: Eric Gural & Brian Steinwurtzel - GFP Real Estate
- Tenant: Billie
- Landlord's Representative: Neith Stone - GFP Real Estate
- Tenant's Representative: Joe Cybulski - CBRE
Billie, which is owned by Edgewell Personal Care, remains the largest tenant in the building following this lease extension, highlighting its presence and commitment to the premises.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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