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28 Liberty St.

Court 16 Leases Retail/Office Space At 28 Liberty St. In Financial District With Landlord Fosun Hive Holdings And Tenant's Rep Brad Cohen - CBRE & Jon Kamali - J3K Real Estate
SOLD

Court 16 Leases Retail/Office Space At 28 Liberty St. In Financial District With Landlord Fosun Hive Holdings And Tenant's Rep Brad Cohen - CBRE & Jon Kamali - J3K Real Estate

28 Liberty St.

Building Size

Asset Type

Closing

Sep 15, 2022

AI

The property involved in this lease transaction is located at 28 Liberty St. in the Financial District. It is a retail/office space with a total square footage of 7,104. The asking rent for the space was $80 per square foot.

Summary of Transaction Details:

  • Property Type: Retail/Office
  • Address: 28 Liberty St.
  • Market: Financial District
  • Asking Rent: $80/ft.
  • Square Footage: 7,104

The tenant in this lease deal is Court 16. Representing the tenant are Brad Cohen from CBRE and Jon Kamali from J3K Real Estate. On the landlord's side, Fosun Hive Holdings, represented by Thomas Costanzo, leased out the property. The landlord's representatives for the deal were Jeffrey Roseman, Ross Kaplan, and Drew Weiss from Newmark.

Players

Thomas Costanzo

Fosun Hive Holdings

Landlord

2 deals

Landlord

New York CRE Market Snapshot

Boundary boundary · CRE · Sale 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