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
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