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1 World Trade Center, New Y...

Port Authority Of New York & New Jersey Leases 199277 Square Feet At 1 World Trade Center
LEASEDOffice

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

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.

Players

Howard Hersch

Newmark

Broker

23 deals

Broker
Sinvin Real Estate
Sinvin Real EstateBrokerage
Colliers
ColliersBrokerage

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