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1 W 17 St, New York, NY, 10011

U.S. News & World Report Leases 6200 Square Feet From Centric Digital In New York
LEASED

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

Brian Gell

CBRE

Broker

$30.6M

vol

5 deals

Broker

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