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:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: SL Green
- Tenant: POSH
- Landlord's Rep: Jeremy Bier & Larry Swiger - SL Green Realty Corp.
- Tenant's Rep: Raymond Balassiano & Eric Siegel - LSL Advisors
- Address: 104-110 Greene Street
- Market: Soho, Manhattan
- Lease Type: Modified Gross Lease
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
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
170569.89%
Cash-on-Cash
-48749.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93