LEASEDOffice
Alexis Ohanian's Seven Seven Six Leases 10,000 Square Foot Office In SoHo At 216 Lafayette Street
216 Lafayette Street
Building Size
10,000 SF
Asset Type
Office
Closing
Jul 23, 2025
AI
The property asset involved in this transaction is an office located at 216 Lafayette Street in the SoHo market, encompassing a total of 10,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 216 Lafayette Street
- Market: SoHo
- Landlord: Shany Ashkenazy & Michael Ashkenazy - 101 Holdings
- Tenant: Alexis Ohanian - Seven Seven Six
- Landlord's Representative: Brandon Singer - Retail By Mona
- Tenant's Representative: JLL
This transaction marks the first New York City office signed by Alexis Ohanian’s venture firm, Seven Seven Six, representing a significant expansion into the NYC market for the company.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93