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270 Lafayette Street

Olnick Organization Leases Office Space To Sézane At 270 Lafayette Street Manhattan For $83/ft
LEASEDOffice

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:

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

Steven Marvin

Olmstead Properties

Broker

9 deals

Broker
JLL
JLLBrokerage

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