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101 Hudson Street

Jefferies LLC Renews 60,000 SF Office Lease At 101 Hudson Street In Jersey City
LEASEDOffice

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

Robert Lowe

Cushman & Wakefield

Broker

22 deals

Broker
Mark Meisner

Mark Meisner

The Birch Group

Landlord

$1.1B

vol

11 deals

Landlord

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