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10 E 54th St, New York, NY,...

Värde Partners Leases 24411 Square Feet At 10 E 54th St New York With Tishman Speyer
LEASEDOffice

Värde Partners Leases 24411 Square Feet At 10 E 54th St New York With Tishman Speyer

10 E 54th St, New York, NY, 10022

Building Size

24,411 SF

Asset Type

Office

Closing

Sep 15, 2021

AI

The property involved in this transaction is located at 10 E 54th St, New York, NY, 10022. It encompasses a substantial area of 24,411 square feet and is situated within the New York market.

Summary of transaction details:

The transaction reflects a significant arrangement between Värde Partners as the tenant and Tishman Speyer as the landlord, facilitated by their respective representatives in the deal. Cynthia Wasserberger from JLL and Georgina Cook from Artisan Alliance represented the interests of the tenant. Meanwhile, the landlord's representative, Megan Sheehan from Tishman Speyer, played a key role in this lease agreement.

Players

Cynthia Wasserberger

JLL

Broker

15 deals

Broker
Tishman Speyer
Tishman SpeyerLandlord
Värde Partners
Värde PartnersTenant

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