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419 Lafayette Street, New Y...

Updated Oct 28, 2024

Barking Labs Corp. Leases Entire 2nd Floor Of Office Building On Lafayette Street In NoHo
LEASEDOffice

Barking Labs Corp. Leases Entire 2nd Floor Of Office Building On Lafayette Street In NoHo

419 Lafayette Street, New York, NY 10003

Building Size

8,000 SF

Asset Type

Office

Closing

May 25, 2020

About this deal

AI

An office space located at 419 Lafayette Street, NoHo, has been leased by Barking Labs Corp. The entire 2nd floor, spanning 8,000 square feet, has been rented from landlord Albert Malekan. The lease transaction was facilitated by Jason Kroeger, representing Barking Labs Corp., and Greg Goldberg & James Famularo from Meridian Retail Leasing, representing the landlord. The asking rent for the space was $52.50 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 419 Lafayette Street (Entire 2nd Floor)
  • Market: NoHo
  • Tenant: Barking Labs Corp.
  • Landlord: Albert Malekan
  • Tenant's Rep: Jason Kroeger
  • Landlord's Rep: Greg Goldberg & James Famularo - Meridian Retail Leasing
  • Asking Rent: $52.50/ft.
  • SF: 8,000

The deal involved Barking Labs Corp., represented by Jason Kroeger, securing a lease for an office space at 419 Lafayette Street. The landlord, Albert Malekan, was represented by Greg Goldberg and James Famularo of Meridian Retail Leasing. The lease agreement was negotiated at an asking rent of $52.50 per square foot for the 8,000 square feet space.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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

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