Continental Stock Transfer & Trust Company Leases 36000 Square Feet At 1 State Street Plaza
1 State Street Plaza, New York, NY, 10...
Building Size
36,000 SF
Asset Type
Office
Closing
Jan 6, 2017
About this deal
AI
The property asset involved in this transaction is located at 1 State Street Plaza, New York, NY. The total square footage of the space is 36,000 square feet, positioned within the New York market. This property is under the ownership of Wolfson Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1 State Street Plaza, New York, NY
- Market: New York
- Landlord: Wolfson Group
- Tenant: Continental Stock Transfer & Trust Company
- Landlord's Representative: Bruce Surry - CBRE
This transaction sees the Continental Stock Transfer & Trust Company as the tenant engaged in this lease agreement. The representation of the landlord is handled by Bruce Surry from CBRE, ensuring the facilitation of this deal within the New York real estate market.
On the Map
Office
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93