Pedro Franceschi Of Brex Leases 93,779 Square Feet At 200 Varick Street In Hudson Square
200 Varick Street
Building Size
93,779 SF
Asset Type
Office
Closing
Oct 8, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 200 Varick Street in Hudson Square, encompassing 93,779 square feet. This property is leased by Brex from GFP Real Estate, highlighting the demand for office spaces in this market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 200 Varick Street
- Market: Hudson Square
- Landlord: Jeffrey Gural - GFP Real Estate
- Tenant: Pedro Franceschi - Brex
The deal showcases Jeffrey Gural representing GFP Real Estate as the landlord, while Pedro Franceschi represents Brex as the tenant in this lease agreement. Brex is likely relocating from its current New York City headquarters to this new site.
On the Map
Office
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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