SL Green Realty Leases 215000 Square Feet At 11 Beekman St New York To Tenant's Rep Kyle Ciminelli And David Falk
11 Beekman St, New York, NY, 10038
Building Size
215,000 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is a leased space located at 11 Beekman St, New York, NY, 10038. The market for this property is New York, and it spans an area of 215,000 square feet. The landlord for this lease transaction is SL Green Realty.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 11 Beekman St, New York, NY, 10038
- Market: New York
- Square Feet: 215,000
- Landlord: SL Green Realty
- Tenant's Representatives: Kyle Ciminelli, David Falk (Newmark)
The deal was facilitated by tenant's representatives Kyle Ciminelli and David Falk from Newmark, representing the interests of the tenant in this leasing transaction. The involvement of SL Green Realty as the landlord indicates a significant presence in the New York real estate market.
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