A.Y. Strauss Leases 10,728 SF Of Office Space At The Eisenhower In Livingston, NJ
290 West Mount Pleasant Avenue
Building Size
10,728 SF
Asset Type
Office
Closing
Oct 19, 2023
AI
A.Y. Strauss, a boutique law firm, has leased 10,728 square feet of office space at The Eisenhower in Livingston, Northern New Jersey. The property is owned by Eastman Cos. The office space is located at 290 West Mount Pleasant Avenue in the Livingston market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 290 West Mount Pleasant Avenue, Livingston
- Market: Livingston
- Square Footage: 10,728
The landlord, Eastman Cos, was represented by CBRE's Jonathan Meisel, Daniel N. Casey, Erin Wenzler, and their in-house agent, Eric Maurer. On the other hand, A.Y. Strauss was represented by Harland Hollander from Savills.
Note: The leasing transaction was facilitated by Harland Hollander from Savills representing A.Y. Strauss, while CBRE's Jonathan Meisel, Daniel N. Casey, Erin Wenzler, and their in-house agent, Eric Maurer, represented the landlord, Eastman Cos.
Players
Livingston 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