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1 Whitehall St, New York, N...

Selligent Signs 10-Year Lease At 1 Whitehall St In New York
LEASEDOffice

Selligent Signs 10-Year Lease At 1 Whitehall St In New York

1 Whitehall St, New York, NY, 10004

Building Size

11,000 SF

Asset Type

Office

Closing

Nov 8, 2016

AI

The office property located at 1 Whitehall St, New York, NY, 10004, was involved in a lease transaction. Selligent signed a 10-year lease for the 19th floor, encompassing 11,000 square feet of space. The landlord in this deal was Rudin Management Company, operating within the New York market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: Selligent
  • Tenant's Representative: Paul Formichelli (JLL), Clayton Kline
  • Landlord: Rudin Management Company
  • Square Feet: 11,000

Selligent, the tenant, was represented by Paul Formichelli and Clayton Kline from JLL in this lease transaction at the office property on Whitehall St. These individuals played crucial roles in finalizing the 10-year lease deal for the 19th floor.

Players

Paul Fomichelli

JLL

Broker

4 deals

Broker
Rudin Management Company
Rudin Management CompanyBrokerage
Rudin Management Company
Rudin Management CompanyLandlord

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