Updated Mar 11, 2025
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
About this deal
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.
Traded’s record for 101 Hudson Street in Jersey City, New Jersey covers a office lease from 2023. The building is 15,000 square feet, implying about 0 per square foot on the published price. Conor Dolan, David Opper, Mike Nieliwodski, Mark Meisner appear on the lease alongside CBRE. This page is the Jersey City, New Jersey file for the 101 Hudson Street office leased: pricing, party profiles, and other closed office comps from the same Jersey City sit in the Market section below. Filter that Jersey City office set by closing date to see what else leased near 101 Hudson Street around 2023. Cite this Franklin Credit Management Corp Renews 15k SF Office Lease At 101 Hudson St, Jersey City lease when underwriting similar office product around Jersey City, New Jersey.
Players
Jersey City Office Market Snapshot
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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