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100 West Street, New York, ...

JCrew Leases 325000 Square Feet At 100 West Street From Bank Of New York
LEASED

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

Michael Greenberg

Broker

$10.8M

vol

9 deals

Broker
BY
Bank of New YorkLandlord

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