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:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: TMRW Life Sciences
- Tenant: Jonathan Lewin - EvolutionIQ
- Brokers: Christopher Foerch, Gabe Marans, Maxine Rosen, Mitti Liebersohn & Zev Holzman - Savills
- Lease Type: Sublease
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
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