Avante Price & Eli Taylor-Lemire Of Posh Lease Office Space At 40 Crosby Street From Greg Kraut
40 Crosby Street
$8
$8/SF
Building Size
22,637 SF
Asset Type
Office
Closing
Mar 24, 2025
AI
The property asset involved in the transaction is an office space located at 40 Crosby Street in New York City. This lease agreement has a rental rate of $8 per square foot and encompasses a total area of 22,637 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 40 Crosby Street
- Market: New York City
- Tenant: Avante Price & Eli Taylor-Lemire - Posh
- Landlord: Greg Kraut - KPG Funds
- Rent/SF: $8
- Square Feet: 22,637.0
The deal involves key individuals from both sides, with Avante Price and Eli Taylor-Lemire representing the tenant, Posh, while Greg Kraut represents the landlord, KPG Funds.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1982875.00%
Cash-on-Cash
-566711.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93