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75 Montgomery Street

Beekman Estate Leases Office Space To IPRG NJ At 75 Montgomery Street Jersey City
LEASEDOffice

Beekman Estate Leases Office Space To IPRG NJ At 75 Montgomery Street Jersey City

75 Montgomery Street

$1,000

$1,000/SF

Building Size

4,360 SF

Asset Type

Office

Closing

Sep 1, 2024

AI

The property asset involved in the transaction is located at 75 Montgomery Street in Jersey City, categorized as an office space. The lease type is a Modified Gross Lease with an asking rent of $1,000 per square foot for a total of 4,360 square feet.

Summary of transaction details:

The deal was facilitated by the landlord's representative, Mina Shehata from Cushman & Wakefield, and the tenant was represented by Yanni Marmarou, Derek Bestreich, Luke Sproviero, and Steve Reynolds from Investment Property Realty Group (IPRG).

Players

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

314 deals

Broker

Jersey City Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15863.00%

Cash-on-Cash

-4533.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93