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285 Fulton St, New York, NY...

Durst Organization Leases 36000 Square Feet At 285 Fulton St New York To Tenant's Rep Jonathan Tootell
LEASED

Durst Organization Leases 36000 Square Feet At 285 Fulton St New York To Tenant's Rep Jonathan Tootell

285 Fulton St, New York, NY, 10006

Building Size

36,000 SF

Asset Type

Closing

Nov 20, 2023

AI

The property lease is located at 285 Fulton St, New York, NY, 10006, within the New York market. It encompasses a total area of 36,000 square feet and is leased by Durst Organization.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 285 Fulton St, New York, NY, 10006
  • Square Feet: 36,000
  • Landlord: Durst Organization
  • Tenant's Representative: Jonathan Tootell (Transwestern)

In this transaction, Jonathan Tootell represented the tenant, ensuring the negotiations aligned with their requirements. The involvement of Transwestern highlights the agency's role in facilitating the leasing process.

Players

Jonathan Tootell

L&L Holding Company

Broker

6 deals

Broker
Durst Organization
Durst OrganizationBrokerage
Durst Organization
Durst OrganizationLandlord

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