Updated Sep 17, 2026
Shorenstein Properties Acquires Fully Leased Office At 148 Lafayette Street In SoHo For $135M
148 Lafayette Street
$135,000,000
$871/SF
Building Size
155,000 SF
Asset Type
Office
Closing
Sep 17, 2026
About this deal
AI
148 Lafayette Street is an office asset located in the SoHo market of Manhattan, encompassing a total area of 155,000 square feet. The property is fully leased and has a sale price of $135,000,000, which translates to a price per square foot of $871.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $135,000,000
- Square Footage: 155,000
- Address: 148 Lafayette Street
- Market: SoHo, Manhattan
- Buyer: Brandon Shorenstein - Shorenstein Properties
- Seller: Rob Speyer - Tishman Speyer
- Brokers: Adam Spies & Avery Silverstein - Newmark
The deal represents a significant transaction between the buyer, Shorenstein Properties, and the seller, Tishman Speyer, with the property being sold for approximately 28% above the acquisition cost incurred by Tishman Speyer 16 months prior.
Players
New York Office Market Snapshot
Boundary boundary · Office · Undercontract transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93