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200 Varick Street

Anthology AI Leases Office Space At 200 Varick Street From GFP Real Estate For 8 Years
LEASEDOffice

Anthology AI Leases Office Space At 200 Varick Street From GFP Real Estate For 8 Years

200 Varick Street

$70

$70/SF

Building Size

9,734 SF

Asset Type

Office

Closing

Aug 1, 2024

AI

The property involved in this transaction is located at 200 Varick Street within the Hudson Square market. It is classified as an office asset, encompassing a total area of 9,734 square feet. The asking rent for this lease is set at $70 per square foot under a Modified Gross Lease for a duration of 8 years.

Summary of transaction details:

Key individuals involved in this transaction include the landlord GFP Real Estate represented by Anthony Sciacca from Newmark and Jeffrey Gural. The tenant Anthology AI has been represented by a team from Nomad Group, including Matthew DeRose, William Janetschek, and Luis Ramirez. Nomad Property Group specializes in managing and leasing premier commercial real estate in New York City, providing tailored tenant representation along with managing over 2 million square feet of office space across key locations.

Players

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93