Uncommon Schools Signs 30-Year Lease For Office Space At 100 Church Street In Downtown Manhattan
LEASED
New York
See Similar DealsOffice27,833 SF
Leased 02/01/2024
LEASED
Uncommon Schools Signs 30-Year Lease For Office Space At 100 Church Street In Downtown Manhattan
100 Church Street
See Similar DealsOffice27,833 SF
Leased 02/01/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$48
Total Square Footage:27,833 SF
Transaction Type:Lease
Located at 100 Church Street in Downtown Manhattan, this recently closed property transaction involved the lease of an office space. The property was leased by Uncommon Schools, with SL Green acting as the landlord.
Summary of transaction details:
- Property Type: Office
- Address: 100 Church Street
- Market: Downtown Manhattan
- Tenant: Uncommon Schools
- Landlord: SL Green
- Asking Rent: $48/ft
- Lease Term: 30 years
- Lease Type: Modified Gross Lease
- Square Footage: 27,833
The tenant's representatives for this deal were Daniel Lolai, Eric Siegel, Wayne Siegel, and Brian Siegel from LSL Advisors. On the other side, Scott Klau, Daniel Appel, and Hal D. Stein from Newmark represented the landlord, SL Green.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,531,555.93
Total Lease Value
$15,315,559.34
Net Landlord Cash Flow$1,531,555.93
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