Kyle Wittels Leases Office Space At 102 Franklin Street In Tribeca To Franklins For $80/ft
102 Franklin Street
$80
$80/SF
Building Size
2,600 SF
Asset Type
Office
Closing
Jan 1, 2026
AI
The asset involved in the transaction is an office space located at 102 Franklin Street in the Tribeca market. The lease type is a Modified Gross Lease with an asking rent of $80 per square foot. The total square footage of the property is 2,600 SF.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $208,000
- Address: 102 Franklin Street
- Market: Tribeca
- Landlord: Kyle Wittels
- Tenant: Franklins
- Landlord's Rep: Andrew Stern - Newmark
- Tenant's Rep: Noah Jay & Eric Best - Compass
Key individuals involved in this deal include the landlord, Kyle Wittels, and the tenant, Franklins. The transaction was facilitated by Andrew Stern representing the landlord from Newmark, while Noah Jay and Eric Best represented the tenant from Compass.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93