Barry McTiernan & Moore Leases Office Space At 1 Battery Park Plaza
1 Battery Park Plz
$70
$70/SF
Building Size
18,464 SF
Asset Type
Office
Closing
Feb 12, 2024
AI
The office property at 1 Battery Park Plaza, located in the Financial District of Manhattan, was involved in a lease transaction. The tenant, Barry McTiernan & Moore, signed a 16-year lease for 18,464 square feet on the top floor of the 35-story building. The landlord, Kevin Daly of Rudin, set an asking rent of $70 per square foot for this lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1 Battery Park Plaza
- Market: Financial District, Manhattan
- Tenant: Barry McTiernan & Moore
- Landlord: Kevin Daly - Rudin
- Brokers: Jonathan Schindler & Mark Weiss - Cushman & Wakefield
- Asking Rent: $70 per square foot
- Lease Term: 16 years
The law firm Barry McTiernan & Moore will be relocating its headquarters to One Battery Park Plaza in Lower Manhattan. The lease agreement was facilitated by brokers Jonathan Schindler and Mark Weiss of Cushman & Wakefield. The legal defense firm secured a space comprising 18,464 square feet at an asking rent rate of $70 per square foot for the top floor of the 35-story building.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93