Constellation Agency Leases 48000 Square Feet At 1 World Trade Center From Advance Publications
1 World Trade Center, New York, NY, 1...
Building Size
48,000 SF
Asset Type
Office
Closing
Aug 30, 2021
About this deal
AI
The property involved in this transaction is located at 1 World Trade Center, New York, NY. The lease encompasses a total of 48,000 square feet in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Constellation Agency
- Landlord: Advance Publications
- Tenant's Representative: Dale Schlather-Cushman & Wakefield
This lease transaction represents a collaboration between Constellation Agency as the tenant and Advance Publications as the landlord, facilitated by the brokerage services of Dale Schlather from Cushman & Wakefield.
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