Port Authority Of New York & New Jersey Leases 199277 Square Feet At 1 World Trade Center
1 World Trade Center, New York, NY, 1...
Building Size
199,277 SF
Asset Type
Office
Closing
Feb 28, 2020
About this deal
AI
The property asset involved in this transaction is located at 1 World Trade Center, New York, NY. It encompasses a total square footage of 199,277. The landlord for this lease is the Port Authority of New York & New Jersey, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1 World Trade Center, New York, NY
- Market: New York
- Square Feet: 199,277
- Landlord: Port Authority of New York & New Jersey
- Brokers: Michael Eisenberg - Keller Williams, Howard Hersch - JLL
The key individuals involved in the transaction include Michael Eisenberg, representing Keller Williams, and Howard Hersch, representing JLL. Their roles as brokers facilitated the lease agreement for the property mentioned.
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