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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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