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250 Hudson Street

Jonathan Lewin's EvolutionIQ Expands With 27,761 SF Lease In Hudson Square
LEASEDOffice

Jonathan Lewin's EvolutionIQ Expands With 27,761 SF Lease In Hudson Square

250 Hudson Street

Building Size

27,761 SF

Asset Type

Office

Closing

May 30, 2024

AI

Located at 250 Hudson Street in New York City's Hudson Square, the office space spans 27,761 square feet. The landlord, TMRW Life Sciences, leased the property to EvolutionIQ, a claims guidance platform represented by Jonathan Lewin.

Summary of transaction details:

EvolutionIQ secured a significant expansion of its office space by leasing 27,761 square feet at 250 Hudson Street. The brokers facilitating the deal were Christopher Foerch, Gabe Marans, Maxine Rosen, Mitti Liebersohn, and Zev Holzman from Savills.

Players

Zev Holzman

Savills

Broker

6 deals

Broker

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