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
About this deal
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.
On the Map
Players
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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