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100 Church Street

Uncommon Schools Signs 30-Year Lease For Office Space At 100 Church Street In Downtown Manhattan
LEASEDOffice

Uncommon Schools Signs 30-Year Lease For Office Space At 100 Church Street In Downtown Manhattan

100 Church Street

$48

$48/SF

Building Size

27,833 SF

Asset Type

Office

Closing

Feb 1, 2024

AI

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.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker

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

330479.17%

Cash-on-Cash

-94451.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93