Dorsia Leases Office Space At 177 Lafayette Street In Soho For Seven Years With Eretz Group
177 Lafayette Street
$75
$75/SF
Building Size
3,588 SF
Asset Type
Office
Closing
Jun 21, 2024
AI
The property involved in this transaction is an office asset located at 177 Lafayette Street in the Soho market. The lease asking rent is set at $75 per square foot for a total area of 3,588 square feet. The lease type is a Modified Gross Lease with a term length of 7 years.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $75/ft
- Lease Term: 7 Years
- Asking Rent: $75/ft
- Square Footage: 3,588
- Address: 177 Lafayette Street
- Market: Soho
- Landlord: Eretz Group
- Tenant: Dorsia
- Brokers: Steven Evans & Khashy Eyn - Platinum Properties
Key individuals involved in the transaction include the landlord Eretz Group and the tenant Dorsia. The transaction was facilitated by brokers Steven Evans and Khashy Eyn, both representing Platinum Properties in this deal.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93