Quadrature Signs 10-Year Lease For 30,034 SF At Kushner Companies' Puck Building In SoHo
295 Lafayette Street
$135
$135/SF
Building Size
30,034 SF
Asset Type
Office
Closing
Nov 21, 2023
AI
Nicole Kushner Meyer's Kushner Companies has leased out 30,034 square feet of office space on the fourth floor of the Puck Building located at 295 Lafayette Street in Nolita, Manhattan. The 10-year lease deal was secured with Quadrature, which marks the company's first US office. The asking rent for the space was set at $135 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 295 Lafayette Street
- Market: Nolita, Manhattan
Conor Krup, Jeff Fischer, and Sacha Zarba from CBRE represented Nicole Kushner Meyer's Kushner Companies as the landlord's representatives in the lease transaction. On the other hand, Justin Haber from JLL acted as the tenant's representative for Quadrature.
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
117503.70%
Cash-on-Cash
-33582.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93