Jack Conte Of Patreon Renews 44,661 Square Foot Office Sublease At 75 Varick Street
75 Varick Street
Building Size
44,661 SF
Asset Type
Office
Closing
Sep 4, 2026
About this deal
AI
The property asset involved in the context is an office space located at 75 Varick Street in the Hudson Square market. The space encompasses 44,661 square feet and is situated within an 18-story office tower, providing a significant footprint for its tenants.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 75 Varick Street
- Market: Hudson Square
- Landlord: Sujohn Sarkar - Hudson Square Properties
- Tenant: Jack Conte - Patreon
- Lease Type: Sublease
Sujohn Sarkar represents Hudson Square Properties in the transaction, while Jack Conte represents Patreon as the tenant for the renewed office sublease. The renewal confirms Patreon's continued presence in the New York market.
Players
New York Office Market Snapshot
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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