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195 Centre Street

Good Talk Leases Office Space At 195 Centre Street In SoHo For 5 Years
LEASEDOffice

Good Talk Leases Office Space At 195 Centre Street In SoHo For 5 Years

195 Centre Street

$60

$60/SF

Building Size

6,500 SF

Asset Type

Office

Closing

May 22, 2025

AI

The property asset involved in this transaction is an office space located at 195 Centre Street in the SoHo market, comprising a total area of 6,500 square feet. The asking rent for this lease is set at $60 per square foot. The lease term is established for a duration of 5 years, categorized as a Single Net Lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $60/ft
  • Lease Term: 5 Years
  • Lease Type: Single Net Lease
  • Landlord: Chu Enterprises - Jonathan Chu
  • Tenant: Good Talk
  • Landlord's Representative: James Costello & Christopher Owles
  • Tenant's Representative: Michael Segerman & Thomas Mahl - Current Real Estate Advisors

This transaction involves key representatives from both sides, with James Costello and Christopher Owles representing the landlord, Chu Enterprises, while Michael Segerman and Thomas Mahl represent the tenant, Good Talk, through Current Real Estate Advisors. Their roles were crucial in facilitating the lease agreement for the specified office space.

Players

Michael Segerman

Current Real Estate Advisors

Broker

$8.6M

vol

27 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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93