Creatd Leases Office Space In Noho, Manhattan At 419 Lafayette St
419 Lafayette Street, New York City, New York 10003, United States
Building Size
8,000 SF
Asset Type
Office
Closing
Apr 30, 2022
AI
Located in Noho, Manhattan, the office property at 419 Lafayette St. has recently been leased. The tenant, Creatd, will occupy the space, which spans 8,000 square feet. The lease was facilitated by Oded Nachmani from Current Real Estate Advisors, who represented the tenant. Ali Reslan and Joshua Malekan from Venture Capital Properties acted as the landlord's representatives.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 419 Lafayette St.
- Market: Noho, Manhattan
- Tenant's Rep: Oded Nachmani - Current Real Estate Advisors
- Landlord's Rep: Ali Reslan & Joshua Malekan - Venture Capital Properties
- Asking Rent: $60/ft.
- Square Footage: 8,000
The deal was finalized on 05/01/2022, making Creatd the new tenant of this office property. Oded Nachmani of Current Real Estate Advisors played a crucial role in representing the tenant's interests throughout the leasing process. On the other side, Ali Reslan and Joshua Malekan from Venture Capital Properties served as the landlord's representatives, ensuring a smooth transaction for both parties involved.
Players
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