U.S. News & World Report Leases 6200 Square Feet From Centric Digital In New York
1 W 17 St, New York, NY, 10011
Building Size
6,200 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property asset involved in the transaction is located at 1 W 17 St, New York, NY, 10011. This lease involves a total of 6,200 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1 W 17 St, New York, NY, 10011
- Tenant: U.S. News & World Report
- Landlord: Centric Digital
- Tenant's Representative: Eric Cagner - Newmark, Gregory Wang - Newmark Grubb Knight Frank
- Landlord's Representative: Laurence Briody, Jr. - CBRE, Brian Gell - CBRE
Key individuals involved in the deal include the representatives for both the tenant and landlord, highlighting Eric Cagner and Gregory Wang as the brokers representing U.S. News & World Report, while Laurence Briody, Jr. and Brian Gell represent Centric Digital in this transaction.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · 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