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345 Hudson Street

Michael Rubin Of Fanatics Leases 54000 Square Feet At 345 Hudson Street In Manhattan
LEASEDOffice

Michael Rubin Of Fanatics Leases 54000 Square Feet At 345 Hudson Street In Manhattan

345 Hudson Street

Building Size

54,000 SF

Asset Type

Office

Closing

May 13, 2025

AI

The property asset involved in this transaction is an office located at 345 Hudson Street in Manhattan’s Hudson Square market. This office space encompasses a total area of 54,000 square feet and is leased by Fanatics, a notable player within the sports merchandise industry, marking an expansion of their presence in New York City beyond their current headquarters at 95 Morton Street.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 345 Hudson Street
  • Market: Hudson Square
  • Landlord: Sujohn Sarkar - Hudson Square Properties
  • Tenant: Michael Rubin - Fanatics
  • Broker: Steven Rotter - Newmark

In this deal, Michael Rubin represents Fanatics as the tenant while Sujohn Sarkar is the landlord overseeing the property. The transaction was facilitated by broker Steven Rotter from Newmark, who played a key role in bringing the two parties together for this lease agreement.

Players

Steven Rotter

Newmark

Broker

$270M

vol

21 deals

Broker
HP
Hudson Square PropertiesLandlord

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