SoundCloud Signs Sublease For 23,000 SF Office Space In Meatpacking District
2 Gansevoort Street
$75
$75/SF
Building Size
23,000 SF
Asset Type
Office
Closing
Nov 30, 2023
About this deal
AI
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.
The office lease at 2 Gansevoort Street in New York, New York leased for $75 in 2023. The building is 23,000 square feet, implying about 75 per square foot on the published price. James (Jim) Wenk, Kirill Azovtsev, Peter Hennessy, Savills appear on the lease alongside Savills. This page is the New York, New York file for the 2 Gansevoort Street office leased: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else leased near 2 Gansevoort Street around 2023. Published consideration for 2 Gansevoort Street is $75, dated 2023. Cite this SoundCloud Signs Sublease For 23,000 SF Office Space In Meatpacking District lease when underwriting similar office product around New York, New York.
Players
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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