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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93