facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Lease

/

124 East 14th Street

Updated Dec 4, 2024

Zero Irving Leases 240000 Square Feet In Union Square Development With Landlord RAL Development Services
LEASEDMixed-use

Zero Irving Leases 240000 Square Feet In Union Square Development With Landlord RAL Development Services

124 East 14th Street

$170

$170/SF

Building Size

240,000 SF

Asset Type

Mixed-use

Closing

Aug 21, 2024

About this deal

AI

The property asset involved in the transaction is a mixed-use building located at 124 East 14th Street in the Union Square market of Manhattan. The asking rent for the space was set at $170 per square foot, with a total area of 240,000 square feet available for lease.

Summary of transaction details:

Zero Irving has fully leased its development, with Senator Investment Group securing the last 12,455 square feet in a 10-year lease agreement. This transaction was facilitated with key involvement from representatives from both JLL and CBRE, who managed the negotiations on behalf of the landlord and tenant respectively.

On the Map

Open live map

$170

$170/SF

Mixed-use

View full map

Players

Benjamin Bass

JLL

Broker

$770M

vol

30 deals

Broker
Bilt advertisement

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

Loading comparables…

Deal FAQ

About $170 per square foot on a published $170 for 240,000 square feet (2024).

Visit Kristen Morgan to view all their deals.

Browse New York mixed use leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

93311.76%

Cash-on-Cash

-26668.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets