StubHub Leases Office Space At 3 World Trade Center In Manhattan
3 World Trade Center
Building Size
44,000 SF
Asset Type
—
Closing
Mar 7, 2020
AI
A 44,000 square foot office space located at 3 World Trade Center in Manhattan has been leased. The lease transaction took place on 03/07/2023. The landlord of the property is Silverstein Properties, represented by Jeffrey Moss. The tenant, StubHub, secured the lease and was represented by Sacha Zarba and Brendan Herlihy from CBRE. The asking rent for the space was $125 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Leased
- Address: 3 World Trade Center, Manhattan
- Market: Manhattan
- Landlord: Silverstein Properties - Jeffrey Moss
- Tenant: StubHub
- Tenant's Rep: Sacha Zarba and Brendan Herlihy - CBRE
- Asking Rent: $125 per square foot
- Square Footage: 44,000
Sacha Zarba and Brendan Herlihy from CBRE played a crucial role as the tenant's representatives in securing the lease for StubHub. This lease transaction at 3 World Trade Center reflects the continued demand for office space in Manhattan's 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