SoFi Leases Office Space At 860 Washington Street In New York

The leased property located at 437 W 13th St, New York, NY, 10014, is an office space spanning 13,000 square feet. The deal was finalized on 03/21/2017, with a rental rate of $155 per square foot. The landlord, Romanoff Equities, represented by Stuart Romanoff, successfully secured Social Finance, a financial tech firm, as the tenant.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not Applicable
• Market: New York
• Tenant: Social Finance
• Landlord: Romanoff Equities
• Rent/SF: $155
• Square Feet: 13,000

Social Finance, also known as SoFi, signed a 10-year lease for the office space at 437 W 13th St. The property, situated in the Meatpacking District, provides the firm with a strategic location on the full second floor, offering 280 feet of frontage along the High Line and West 13th Street. The transaction was a significant move for both the tenant and the landlord, enhancing the exposure of the $4.3 billion startup in a trendy and high-traffic area.