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
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