LEASEDOffice
Jeff Blau Of Related Companies And Dean Shapiro Of Oxford Properties Land Qube Lease For 52,000 SF At 70 Hudson Street
70 Hudson Street
Building Size
52,000 SF
Asset Type
Office
Closing
Sep 30, 2026
About this deal
AI
The property involved in this transaction is located at 70 Hudson Street in the Manhattan market. It is an office asset with a total square footage of 52,000. The property is part of a planned 1.4 million-square-foot office tower, which is set for completion in 2028.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 70 Hudson Street
- Market: Manhattan
- Asset Size: 52,000 square feet
- Landlord: Jeff Blau - Related Companies
- Landlord: Dean Shapiro - Oxford Properties Group
- Tenant: Qube
The deal features prominent individuals in the real estate sector, including Jeff Blau and Dean Shapiro, who represent the landlords, Related Companies and Oxford Properties Group respectively. The transaction secures Qube as the tenant for the office space within the upcoming development.
On the Map
Office
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Players
Yards 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93