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
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