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177 Lafayette Street

Dorsia Leases Office Space At 177 Lafayette Street In Soho For Seven Years With Eretz Group
LEASEDOffice

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

Khashy Eyn

Platinum Commercial

Broker

$581.9M

vol

24 deals

Broker

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