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148 Lafayette Street

Epic Leases 42535 Square Feet Office Space At 148 Lafayette Street From General Catalyst
LEASEDOffice

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:

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

David Falk
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David Falk

Newmark

Broker

61 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93