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:
- Property Type: Office
- Transaction Amount: $68,138,800
- Address: 200 Varick Street
- Market: Hudson Square
- Landlord: GFP Real Estate
- Tenant: Anthology AI
- Landlord's Representatives: Anthony Sciacca - Newmark & Jeffrey Gural - GFP Real Estate
- Tenant's Representatives: Matthew DeRose, William Janetschek & Luis Ramirez - Nomad Group
- Lease Term: 8 years
- Lease Type: Modified Gross Lease
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
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