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216 Bowery

Bastion Subleases 4,200 SF Office At 216 Bowery From Squire In Nolita Manhattan
LEASEDOffice

Bastion Subleases 4,200 SF Office At 216 Bowery From Squire In Nolita Manhattan

216 Bowery

$336,000

$336,000/SF

Building Size

4,200 SF

Asset Type

Office

Closing

Jun 1, 2025

AI

The property asset involved in this transaction is an office located at 216 Bowery, situated in the Nolita market of Manhattan. The total square footage of the asset is 4,200 square feet, with an asking rent of $80 per square foot. The lease type for this property is a Single Net Lease.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $80/ft
  • Address: 216 Bowery
  • Market: Nolita, Manhattan
  • Lease Type: Single Net Lease
  • Landlord: Squire - Dave Salvant & Songe LaRon
  • Tenant: Bastion
  • Landlord's Representative: Natalie Tobar-Romero & Sam Hoffman - Cushman & Wakefield
  • Tenant's Representative: Oded Nachmani & Adam Henick - Current Real Estate Advisors

This transaction involved key individuals and companies such as the landlord representatives, Natalie Tobar-Romero and Sam Hoffman, affiliated with Cushman & Wakefield, and tenant representatives, Oded Nachmani and Adam Henick, from Current Real Estate Advisors, facilitating the details of the lease agreement.

Players

Oded Nachmani

Current Real Estate Advisors

Broker

16 deals

Broker
Current Real Estate Advisors
Current Real Estate AdvisorsBrokerage

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

47.21%

Cash-on-Cash

-13.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93