Riverside Research Institute Leases 17000 SF At 156 William St New York From William Macklowe Company
156 William St, New York, NY, 10038
$60
$60/SF
Building Size
17,000 SF
Asset Type
Medical Office
Closing
Dec 14, 2016
AI
The lease transaction involves a property located at 156 William St, New York, NY, 10038, within the New York market. The space encompasses a total of 17,000 square feet with a rent rate of $60 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 156 William St, New York, NY, 10038
- Market: New York
- Tenant: Riverside Research Institute
- Landlord: William Macklowe Company
- Tenant's Representative: Craig Reicher-CBRE
The deal features Riverside Research Institute as the tenant, engaging in a lease agreement with the landlord, William Macklowe Company. Craig Reicher from CBRE represents the tenant in this transaction, facilitating the agreement between the involved parties.
Players
New York Medical Office Market Snapshot
Boundary boundary · Medical Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93