Industrious Leases 33,231 Square Feet At 190 Bowery From RFR For Seven Years
190 Bowery
$95
$95/SF
Building Size
33,231 SF
Asset Type
Office
Closing
Oct 20, 2025
AI
The property asset involved in the transaction is located at 190 Bowery, Manhattan. This office space encompasses a total of 33,231 square feet and is situated within a historic Beaux Arts building comprising 38,000 square feet in total. The asking rent for this asset is set at $95 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $95/ft
- Lease Term: seven years
- Landlord: Michael Fuchs - RFR
- Tenant: Jamie Hodari - Industrious
- Landlord's Rep: AJ Camhi, Paul Milunec, Rob Weller & Jake Bargas - JLL
- Tenant's Rep: Natalie Levine & Kylie VanBuren - Industrious
Coworking firm Industrious has signed a lease agreement for all office space at the property, marking a significant commitment to the location. The transaction was facilitated by multiple representatives from both landlord and tenant sides, highlighting the collaborative effort in securing this lease agreement.
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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93