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200 Varick Street

Neufeld Scheck Brustin Hoffmann & Freudenberger Leases 12,914 SF Office Space At 200 Varick Street, Hudson Square
LEASEDOffice

Neufeld Scheck Brustin Hoffmann & Freudenberger Leases 12,914 SF Office Space At 200 Varick Street, Hudson Square

200 Varick Street

Building Size

12,914 SF

Asset Type

Office

Closing

Oct 12, 2023

AI

Neufeld Scheck Brustin Hoffmann & Freudenberger, LLP (NSBHF), a civil rights law firm, has recently signed a 13-year lease for a 12,914 square-foot office space located on the eighth floor of 200 Varick Street in Hudson Square, Manhattan. This new space will serve as their new office, as they are relocating from their current location in Tribeca.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Square Footage: 12,914
  • Address: 200 Varick Street
  • Market: Hudson Square, Manhattan

The leasing transaction was facilitated by Newmark, representing the tenant, Neufeld Scheck Brustin Hoffmann & Freudenberger, LLP. Newmark was represented by Joshua Gosin, Matthew Shreiner, and Todd Hershman. On the other hand, the landlord, 200 Varick Street DE LHC LLC, was represented by Anthony Sciacca, Brittany Silver, Jamie Jacobs, Robert Silver from Newmark, as well as Jeffrey Gural and Rhonda Singer from GFP Real Estate.

Players

Rhonda Singer

GFP Real Estate

Broker

1 deal

Broker

New York Office Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93