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
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