Gordon Zellner Of Evergreen Trading Leases Office Space From Laurence Gluck Of Stellar Management In SoHo
233 Spring Street
Building Size
20,309 SF
Asset Type
Office
Closing
Dec 11, 2024
AI
The property asset involved in this lease transaction is located at 233 Spring Street in the SoHo market. The asset is classified as an office space with a total square footage of 20,309. Evergreen Trading will be relocating to this space as part of its expansion strategy.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 233 Spring Street
- Market: SoHo
- Landlord: Laurence Gluck - Stellar Management
- Tenant: Gordon Zellner - Evergreen Trading
- Broker: Michael Berman - JLL
- Lease Term: Seven years
- Subleasing from: Flatiron Health
- Relocation: Early 2025
This lease deal reflects Evergreen Trading's commitment to enhancing its collaborative work environment while supporting its growth. The involvement of Michael Berman from JLL as the broker highlights the professional expertise facilitating this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93