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75 Spring Street

Variant Fund Leases Office Space At 75 Spring Street In SoHo For 10 Years At $95/ft
LEASEDOffice

Variant Fund Leases Office Space At 75 Spring Street In SoHo For 10 Years At $95/ft

75 Spring Street

$95

$95/SF

Building Size

6,623 SF

Asset Type

Office

Closing

Jul 2, 2025

AI

The asset involved in the transaction is an office space located at 75 Spring Street in the SoHo market. The lease has an asking rent of $95 per square foot and encompasses an area of 6,623 square feet. The lease term is set for 10 years under a Single Net Lease structure.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $95/ft
  • Square Footage: 6,623 SF
  • Address: 75 Spring Street
  • Market: SoHo
  • Landlord: Greystone Management
  • Tenant: Variant Fund
  • Brokers: Adam Henick, Thomas Mahl & Brandon Charnas - Current Real Estate Advisors
  • Lease Term: 10 Years
  • Lease Type: Single Net Lease

The transaction was facilitated by representatives Adam Henick, Thomas Mahl, and Brandon Charnas from Current Real Estate Advisors. They played a crucial role in the negotiation process for the lease agreement between Greystone Management and Variant Fund.

Players

Brandon Charnas

Current Real Estate Advisors

Broker

$1.6M

vol

21 deals

Broker
Current Real Estate Advisors
Current Real Estate AdvisorsBrokerage

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

166978.95%

Cash-on-Cash

-47723.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93