Tishman Speyer Acquires 148 Lafayette Street Office Building In Manhattan For $105.5 Million
148 Lafayette Street
$105,500,000
Building Size
—
Asset Type
Office
Closing
Jun 2, 2025
About this deal
AI
The asset involved in this transaction is a 12-story office building located at 148 Lafayette Street in Manhattan. The property was acquired for a transaction amount of $105.5 million. Blackstone provided a loan of $68.3 million to facilitate this acquisition.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $105,500,000
- Buyer: Rob Speyer - Tishman Speyer
- Seller: Epic
- Brokers: Adam Spies & Avery Silverstein - Newmark
- Lender: Blackstone
This transaction marked Tishman Speyer's first office purchase in Manhattan since 2019, indicating a significant step in their investment strategy. Adam Spies and Avery Silverstein from Newmark represented the buyer in this deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93