Olnick Organization Leases Office Space To Sézane At 270 Lafayette Street Manhattan For $83/ft
270 Lafayette Street
$83
$83/SF
Building Size
3,928 SF
Asset Type
Office
Closing
Dec 10, 2024
AI
The property asset involved in this transaction is an office space located at 270 Lafayette Street in Manhattan. The lease type is an NNN Lease with an asking rent of $83 per square foot. The total square footage of the asset is 3,928 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $83/ft
- Address: 270 Lafayette Street
- Market: Manhattan
- Landlord: Olnick Organization
- Tenant: Sézane
- Landlord's Representative: Steven Marvin - Olmstead Properties
- Tenant's Representatives: John Mears, Jeremy Zidell, John Auber & Tess Jacoby - RUE
This lease transaction brings together key representatives in the real estate market. The landlord is represented by Steven Marvin from Olmstead Properties, while the tenant Sézane is represented by a team from RUE consisting of John Mears, Jeremy Zidell, John Auber, and Tess Jacoby.
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
191120.48%
Cash-on-Cash
-54622.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93