Epic Leases 42535 Square Feet Office Space At 148 Lafayette Street From General Catalyst
148 Lafayette Street
Building Size
42,535 SF
Asset Type
Office
Closing
Mar 18, 2025
AI
The property asset involved in this transaction is located at 148 Lafayette Street in the SoHo market. It is an office space with a total square footage of 42,535 across three floors and a penthouse. The lease was signed by General Catalyst, which is relocating from its previous NYC office at 434 Broadway.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 148 Lafayette Street
- Market: SoHo
- Square Footage: 42,535
- Landlord: Epic
- Tenant: General Catalyst
- Landlord's Representative: Daniel Levine, David Falk & Jason Greenstein - Newmark
- Tenant's Representative: Jared Isaacson & Ryan Alexander - CBRE
The transaction involved key representatives including Daniel Levine, David Falk, and Jason Greenstein from Newmark representing the landlord, Epic. For the tenant, General Catalyst, Jared Isaacson and Ryan Alexander from CBRE facilitated the lease agreement. This long-term lease signifies a notable change for General Catalyst as they move to a new location.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93