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
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.
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