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216 Lafayette Street

Alexis Ohanian's Seven Seven Six Leases 10,000 Square Foot Office In SoHo At 216 Lafayette Street
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:

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

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
Retail By Mona
Retail By MonaBrokerage
JLL
JLLBrokerage
Michael Ashkenazy

Michael Ashkenazy

101 Holdings

Landlord

$11.7M

vol

4 deals

Landlord
Alexis Ohanian

Alexis Ohanian

Seven Seven Six

Tenant

3 deals

Tenant
Seven Seven Six
Seven Seven SixTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93