Glossier Inc. Subleases 12,300 SF Office Space At 233 Spring Street In New York City
233 Spring Street
$80
$80/SF
Building Size
12,300 SF
Asset Type
Office
Closing
Mar 1, 2023
About this deal
AI
Glossier Inc. has subleased a 12,300 square foot office space located at 233 Spring Street in New York City. The subtenant, Mazarine Group, will occupy the space for a lease term of 6 years. The asking rent for the sublease was $80 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: N/A
- Address: 233 Spring Street
- Market: New York City
The subtenant's representatives in the deal were Jeff Sharon from JSRE MGMT and Michael Segerman from Current Real Estate Advisors. Glossier Inc. was represented by CBRE. It is worth noting that CBRE played a crucial role in facilitating the transaction, along with the assistance of RE Attorney Jeff Platte and Stellar Management, who obtained the landlord's consent.
On the Map
$80
$80/SF
Office
View full map
Players
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Michael Segerman to view all their deals.
Browse New York office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93