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73 Spring Street

Michael Ng's Attix Signs Five-Year Lease For 18,759 Square Feet At 73 Spring Street In Soho
LEASEDOffice

Michael Ng's Attix Signs Five-Year Lease For 18,759 Square Feet At 73 Spring Street In Soho

73 Spring Street

Building Size

Asset Type

Office

Closing

May 21, 2025

AI

The property asset involved in this transaction is located at 73 Spring Street in the Soho market. It is classified as an office space with a total square footage of 18,759 square feet. The landlord is United American Land, and the tenant is Michael Ng representing Attix, which is an AI software firm for hedge funds and trading firms.

Summary of transation details:

This lease transaction was completed on May 21, 2025, involving a five-year lease agreement. Attix is relocating its headquarters from Los Angeles to this new location in SoHo.

Players

Dennis Someck

Lee & Associates

Broker

26 deals

Broker
United American Land
United American LandLandlord

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