Fred Alger Management Leases 50040 Square Feet At 100 Pearl St New York From GFP Real Estate
100 Pearl St, New York, NY, 10004
Building Size
50,040 SF
Asset Type
Office
Closing
Feb 27, 2020
AI
The property asset involved in this transaction is located at 100 Pearl St, New York, NY, 10004. It is situated in the New York market and encompasses a total area of 50,040 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 100 Pearl St, New York, NY, 10004
- Market: New York
- Square Feet: 50,040
- Tenant: Fred Alger Management
- Landlord: GFP Real Estate
- Tenant's Representative: Darell Handler
The deal involves Fred Alger Management as the tenant leasing the space from GFP Real Estate, with representation by Darell Handler acting on behalf of the tenant. The transaction highlights the collaborative efforts between the parties involved in securing the lease agreement.
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