News: Brokerage

LLC Rho expands to 6,927 s/f at 100 Crosby St.

New York, NY According to GFP Real Estate, LLC Rho, a tech-forward financial service platform, has signed a three-year lease for 6,927 s/f of office space on the sixth floor of 100 Crosby St. The company, which has been in the building since 2020, added an additional 3,703 s/f to its original 3,224 s/f.

Rho builds tech-forward cash and spend management solutions for some of the most innovative companies in the world. Ranging from e-commerce to manufacturing companies, Rho empowers thousands of organizations to grow and streamline their finances.  

“The fintech industry has seen significant growth over the past year. Rho, like many others, needed additional space to accommodate its growing team following the company’s initial successes,” said Donna Vogel, senior managing director of GFP Real Estate. 

Thomas Mahl of Current Real Estate Advisors represented the tenant, Rho, while Vogel represented the landlord, GFP Real Estate, in the transaction.

Built in 1884 and designed by architect Thomas Stent in a neo-Grecian style, 100 Crosby St. is an eight-story, 175,000 s/f office building. Located in Soho’s cast-iron historic district, 100 Crosby St.’s newly renovated lobby and entrance celebrate the architectural character of the surrounding neighborhood featuring materials such as backlit "bullet-glass," exposed brick, white marble and large original timber beams that were salvaged during renovation and hung from the lobby's ceiling. 

100 Crosby St. is now home to the famous shoe brand, converse, and encircled by luxurious fashion retailers, hotels, restaurants and bars in Manhattan’s most iconic shopping district. The property offers tenants a convenient commute from anywhere in the city with access to the R and W trains at the building and the 6 train only one block away.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,