Updated Oct 29, 2024
BNP Paribas Leases 150000 Square Feet At 525 Washington Boulevard Jersey City Through Kenneth Siegel
525 Washington BLVD, Jersey City, NJ...
Building Size
150,000 SF
Asset Type
Office
Closing
Jul 21, 2020
About this deal
AI
The property involved in this lease transaction is located at 525 Washington Blvd, Jersey City, NJ. The market for this asset is Jersey City, where it offers a generous square footage of 150,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 525 Washington Blvd, Jersey City, NJ
- Market: Jersey City
- Square Feet: 150,000
- Tenant: BNP Paribas
- Landlord: Multi-Employer Property Trust
- Tenant's Representative: Kenneth Siegel - JLL
- Landlord's Representative: Howard Fiddle - CBRE
Key individuals involved in this transaction are Kenneth Siegel representing the tenant, BNP Paribas, and Howard Fiddle representing the landlord, Multi-Employer Property Trust. Their roles were crucial in facilitating this lease agreement in Jersey City.
On the Map
Office
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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