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1 Liberty Plz

Cleary Gottlieb Steen Leases 13,310 SF Office Space At 1 Liberty Plaza, NYC
LEASEDOffice

Cleary Gottlieb Steen Leases 13,310 SF Office Space At 1 Liberty Plaza, NYC

1 Liberty Plz

$48

$48/SF

Building Size

13,310 SF

Asset Type

Office

Closing

Feb 21, 2023

AI

The office building located at 1 Liberty Plaza in New York City has been leased. The lease term is 8 years, and it is a sublease agreement. The total square footage of the space is 13,310 square feet, and the asking rent is $48 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not applicable (lease)
  • Address: 1 Liberty Plaza
  • Market: New York City

The landlord for this lease is Cleary Gottlieb Steen, while the tenant is CHAVES PERLOWITZ LUFTIG. Moshe Sukenik and Emma Sukenik from Newmark represent the landlord in this deal, and Daniel Lolai and Raphael Zar from LSL Advisors represent the tenant.

FORMAT_DESCRIPTION

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker

Market 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

330479.17%

Cash-on-Cash

-94451.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93