JCrew Leases 325000 Square Feet At 100 West Street From Bank Of New York
100 West Street, New York, NY, 10006
Building Size
325,000 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 100 West Street, New York, NY, 10006. This lease transaction encompasses a total area of 325,000 square feet in the New York market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 100 West Street, New York, NY, 10006
- Market: New York
- Tenant: JCrew
- Landlord: Bank of New York
- Tenant's Representative: Joseph "Joe" Messina-JLL
- Landlord's Representatives: Michael Greenberg, Clark Finney-JLL, Frank Doyle-JLL
- Square Feet: 325,000
This lease was secured by JCrew as the tenant represented by Joseph "Joe" Messina from JLL, while the landlord, Bank of New York, was represented by Michael Greenberg, Clark Finney, and Frank Doyle, all also from JLL.
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