Foundrae Leases Office Space At 40 Greene Street In SoHo, Manhattan
40 Greene Street
Building Size
9,400 SF
Asset Type
Office
Closing
Nov 1, 2023
About this deal
AI
The office space located at 40 Greene Street in SoHo, Manhattan has been leased. The property, owned by David Zar, Julian Zar, and Jonathan Travis of Zar Property NY, has a total area of 9,400 square feet. The lease agreement was signed with Foundrae, a tenant looking for office space in the area. The asking rent for the space was $98 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 40 Greene Street, SoHo, Manhattan
- Landlord: David Zar, Julian Zar & Jonathan Travis - Zar Property NY
- Tenant: Foundrae
- Asking Rent: $98 per square foot
- Square Footage: 9,400
This lease transaction was facilitated by David Zar, Julian Zar, and Jonathan Travis of Zar Property NY acting as the landlord's representatives in the deal.
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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