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SoundCloud Signs Sublease For 23,000 SF Office Space In Meatpacking District

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LEASED
$75

New York

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Office23,000 SF
Leased 11/30/2023
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LEASED

SoundCloud Signs Sublease For 23,000 SF Office Space In Meatpacking District

2 Gansevoort Street

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Office23,000 SF
Leased 11/30/2023
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$75
Total Square Footage:23,000 SF
Transaction Type:Lease

Kobalt Music Group has leased out office space at 2 Gansevoort Street in the Meatpacking District. The space measures 23,000 square feet and is being subleased to tenants SoundCloud. The asking rent for the lease is $75 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 2 Gansevoort Street
  • Market: Meatpacking District

Savills brokers James Wenk, Kirill Azovtsev, and Peter Hennessy represented Kobalt Music Group in the deal.

Players

Kirill Azovtsev
26 deals$10.3M volume(914) 573-9994
BROKER



LANDLORD

Details

LEASED
IMAGE: James Wenk, Kirill Azovtsev & Peter Hennessy DATE: 11/30/2023 ADDRESS: 2 Gansevoort Street MARKET: Meatpacking District ASSET TYPE: Office LANDLORD: Kobalt Music Group TENANT: SoundCloud (@SoundCloud) BROKERS: James Wenk, Kirill Azovtsev & Peter Hennessy - Savills (Savills) ASKING RENT: $75/ft ~ SF: 23,000 LEASE TYPE: Sublease NOTE: SoundCloud is set to move its New York City office from Union Square to the Meatpacking District, signing a sublease for 23,000 square feet at 2 Gansevoort Street.

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Deal Type
Effective Rent (Annual)

$1,977,519.18

Total Lease Value

$19,775,191.81

Net Landlord Cash Flow$1,977,519.18