Jefferies LLC Renews 60,000 SF Office Lease At 101 Hudson Street In Jersey City
101 Hudson Street
Building Size
60,000 SF
Asset Type
Office
Closing
Nov 7, 2023
AI
Jefferies LLC, a global investment banking firm, has renewed its 60,000-square-foot office lease at 101 Hudson St. in Jersey City. The property, also known as The Merrill Lynch Building, is owned by The Birch Group.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not Applicable
- Square Footage: 60,000
- Address: 101 Hudson Street
- Market: Jersey City
The landlord, The Birch Group, was represented by Conor Dolan, David Opper, and Mike Nieliwodski of CBRE. Jefferies LLC was represented by Robert Lowe of Cushman & Wakefield.
It is worth noting that Jefferies LLC's lease renewal was facilitated by CBRE, representing the landlord, and Cushman & Wakefield, representing the tenant.
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