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440 Lafayette Street

Updated Jan 15, 2026

Watershed Technology Signs 3.5-Year Lease For 15,180 Square Feet At 440 Lafayette Street
LEASEDOffice

Watershed Technology Signs 3.5-Year Lease For 15,180 Square Feet At 440 Lafayette Street

440 Lafayette Street

Building Size

15,180 SF

Asset Type

Office

Closing

Jan 15, 2026

About this deal

AI

The property asset involved in this transaction is located at 440 Lafayette Street in NoHo, Manhattan. It encompasses an office space measuring 15,180 square feet. The tenancy is secured with a lease spanning 3.5 years.

Summary of transaction details:

The transaction involved Watershed Technology, which entered into the lease to occupy the entire fifth floor, marking a relocation from 233 Spring Street. The landlord, GFP Real Estate, represents a notable presence in the market, working with multiple representatives from Newmark alongside their own team.

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Players

Conor Krup

CBRE

Broker

11 deals

Broker
GFP Real Estate
GFP Real EstateLandlord
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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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