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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 10 E 54th St, New York, NY, 10022
- Square Feet: 24,411
- Tenant: Värde Partners
- Landlord: Tishman Speyer
- Tenant's Representatives: Cynthia Wasserberger-JLL, Georgina Cook-Artisan Alliance
- Landlord's Representative: Megan Sheehan-Tishman Speyer
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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