Rogers Partners Leases Office Space At 100 Reade Street In Tribeca For Seven Years
100 Reade Street
$55
$55/SF
Building Size
6,286 SF
Asset Type
Office
Closing
May 7, 2025
AI
The office asset located at 100 Reade Street in the Tribeca market encompasses an area of 6,286 square feet and has an asking rent of $55 per square foot. The transaction involves a lease agreement with JEMB Realty acting as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $55/ft
- Address: 100 Reade Street
- Market: Tribeca
- Landlord: Morris Bailey - JEMB Realty
- Tenant: Rogers Partners
- Landlord's Representative: Andrew Coe, Jakob Cohn, Joseph Sipala & Margaux Kelleher - JLL
- Tenant's Representative: Ken Fishel - Legacy Real Estate
- Total Leased Area: 16,000 square feet across multiple floors
- Lease Term: Seven years
This lease transaction includes notable entities such as the architecture firm Rogers Partners and Muse Management, further expanding the operational capacity at JEMB Realty’s 150 Broadway.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93