Automattic Inc Leases Office Space At 166 Crosby Street In NoHo For $100/ft
166 Crosby Street
$100
$100/SF
Building Size
11,511 SF
Asset Type
Office
Closing
Jul 17, 2024
AI
The property asset involved in this transaction is located at 166 Crosby Street in the NoHo market. It is an office type asset, consisting of 11,511 square feet. The asking rent for the space is set at $100 per square foot, and the lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,151,100
- Address: 166 Crosby Street
- Market: NoHo
- Landlord: Bradley Fishel - Renaissance Properties
- Tenant: Automattic Inc
- Brokers: JD Cohen & Owen Reda - Newmark
Key individuals involved in this lease transaction include Bradley Fishel, who represents the landlord Renaissance Properties, and Automattic Inc as the tenant. The brokers facilitating the deal are JD Cohen and Owen Reda, both from Newmark.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93