facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

All

/

Lease

/

3 World Trade Center

StubHub Leases Office Space At 3 World Trade Center In Manhattan
LEASED

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

Brendan Herlihy

CBRE

Broker

1 deal

Broker
Silverstein Properties
Silverstein PropertiesLandlord

New York CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

Loading comparables…

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