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177 Lafayette St

The Brillstein Group Leases Office Space At 177 Lafayette St In New York With Brokers Hiro Nishida & Steven Evans - Platinum Properties
LEASEDOffice

The Brillstein Group Leases Office Space At 177 Lafayette St In New York With Brokers Hiro Nishida & Steven Evans - Platinum Properties

177 Lafayette St

$75

$75/SF

Building Size

4,578 SF

Asset Type

Office

Closing

Mar 1, 2023

AI

The office space located at 177 Lafayette St in New York has recently been leased. The tenant, The Brillstein Group, has entered into a lease agreement with the landlord, Nick Mok. The lease transaction was facilitated by the brokers Hiro Nishida and Steven Evans from Platinum Properties. The office space spans a total area of 4,578 square feet.

Summary of Transaction Details:

  • Property Type: Office
  • Asking Rent: $75 per square foot
  • Address: 177 Lafayette St, New York
  • Tenant: The Brillstein Group
  • Landlord: Nick Mok
  • Brokers: Hiro Nishida and Steven Evans - Platinum Properties

Hiro Nishida and Steven Evans played a crucial role in representing both the tenant, The Brillstein Group, and the landlord, Nick Mok, throughout the lease negotiation process. They successfully facilitated the transaction, ensuring that both parties' interests were met.

Players

Steven Evans

Platinum Commercial

Broker

$36.1M

vol

47 deals

Broker
TG
The Brillstein GroupTenant

Market 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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93