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30 Montgomery Street

Cushman & Wakefield Secures Six Leases At 30 Montgomery St. In Jersey City
LEASEDOffice

Cushman & Wakefield Secures Six Leases At 30 Montgomery St. In Jersey City

30 Montgomery Street

Building Size

21,737 SF

Asset Type

Office

Closing

Oct 23, 2023

AI

Thirty Montgomery Street in Jersey City has secured six new and renewed leases totaling 21,737 square feet. The office building's appeal to small office users is evident from the variety of tenants it has attracted, including law firms, financial services, manufacturing, public relations, and renewable energy companies. Located in the bustling market of Jersey City, this property presents a desirable option for businesses seeking office space.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 21,737 SF
  • Address: 30 Montgomery Street
  • Market: Jersey City

The landlord of 30 Montgomery Street is American Realty Advisors, represented by Stanley Lezman. The tenants securing leases in this building include Schuman Hanlon, Hudsonpoint, Specialty Rondot, Behrman Communications, Chori, and Morgan and Morgan. Law firms, financial services, manufacturing, public relations, and renewable energy companies are all part of the diverse tenant mix. Cushman & Wakefield's David DeMatteis and Mina Shehata acted as the brokers in these lease transactions, further highlighting the successful deal-making expertise of the agency.

Players

Mina Shehata

Cushman & Wakefield

Broker

7 deals

Broker
AA
American Realty AdvisorsLandlord

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