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11 Beekman St, New York, NY...

SL Green Realty Leases 215000 Square Feet At 11 Beekman St New York To Tenant's Rep Kyle Ciminelli And David Falk
LEASED

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

David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
SL Green
SL GreenLandlord

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