LEASEDOffice
Franklin Credit Management Corp Renews 15k SF Office Lease At 101 Hudson St, Jersey City
101 Hudson Street
Building Size
15,000 SF
Asset Type
Office
Closing
Nov 9, 2023
AI
The Birch Group, represented by Mark Meisner, has renewed the lease for Franklin Credit Management Corp. at The Merrill Lynch Building in Jersey City's Exchange Place neighborhood. The leased office space spans 15,000 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 101 Hudson Street
- Market: Jersey City
CBRE brokers Conor Dolan, David Opper, and Mike Nieliwodski represented the landlord, The Birch Group, in the negotiations.
Players
Jersey City 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