Global Atlantic Financial Group Leases 44000 Square Feet At 2 World Trade Center In New York
2 World Trade Center, New York, NY, 1...
Building Size
44,000 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property involved in this transaction is located at 2 World Trade Center, New York, NY. The asset spans 44,000 square feet and is situated within the New York market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2 World Trade Center, New York, NY
- Market: New York
- Tenant: Global Atlantic Financial Group
- Landlord: Silverstein Properties
- Tenant's Representative: Michael (Mike) Mathias, Cushman & Wakefield
This deal involved key players including Global Atlantic Financial Group as the tenant and Silverstein Properties as the landlord, with Michael (Mike) Mathias from Cushman & Wakefield representing the tenant during the negotiation process.
On the Map
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