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
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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