TQ Ventures Signs 10-Year Lease For 7,415 Square Feet At 96 Spring Street In Soho
96 Spring Street
Building Size
7,415 SF
Asset Type
Office
Closing
Apr 6, 2026
AI
The property asset involved in this transaction is an office space located at 96 Spring Street, Soho, Manhattan. It encompasses a total area of 7,415 square feet and is represented within the office market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 96 Spring Street
- Market: Soho, Manhattan
- Lease Term: 10 years
- Landlord: John Usdan - Midwood Investment & Development
- Tenant: Schuster Tanger, Andrew Marks & Scooter Braun - TQ Ventures
- Landlord's Representative: Brent Ozarowski & Kevin Sullivan - Newmark
- Tenant's Representative: Gabe Marans & Maxine Rosen - Savills
TQ Ventures signed the lease to relocate its New York headquarters and expand its footprint by approximately 70 percent. The deal involves key representatives such as Brent Ozarowski and Kevin Sullivan for the landlord, while the tenant is represented by Gabe Marans and Maxine Rosen.
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