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104 Greene Street

POSH Leases Office Space In Soho, Manhattan From SL Green Realty Corp
LEASEDOffice

POSH Leases Office Space In Soho, Manhattan From SL Green Realty Corp

104 Greene Street & 110 Greene Street

$93

$93/SF

Building Size

11,384 SF

Asset Type

Office

Closing

Feb 28, 2024

AI

Located at 104-110 Greene Street in Soho, Manhattan, the office space involved in this transaction is leased by the tenant POSH. The property, spanning 5,692 square feet, features a Modified Gross Lease with an asking rent of $93 per square foot. The leasing deal was facilitated by SL Green as the landlord's representative and LSL Advisors acting on behalf of the tenant.

Summary of transaction details:

Jeremy Bier and Larry Swiger represented SL Green as the landlord in the lease agreement, while Raymond Balassiano and Eric Siegel from LSL Advisors worked as the tenant's brokers in finalizing the deal. This transaction showcases the collaborative efforts of these key individuals and firms in successfully securing the lease for the office space at 104-110 Greene Street.

Players

Eric Siegel

LSL Advisors

Broker

$96M

vol

56 deals

Broker

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

170569.89%

Cash-on-Cash

-48749.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93