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295 Lafayette Street

Quadrature Signs 10-Year Lease For 30,034 SF At Kushner Companies' Puck Building In SoHo
LEASEDOffice

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

Conor Krup

CBRE

Broker

10 deals

Broker
Nicole Kushner Meyer

Nicole Kushner Meyer

Kushner Companies

Landlord

$1.7B

vol

11 deals

Landlord

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