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100 Wall St, New York, NY, ...

PR Consulting Leases 20000 Square Feet At 100 Wall St, New York From Barings
LEASEDOffice

PR Consulting Leases 20000 Square Feet At 100 Wall St, New York From Barings

100 Wall St, New York, NY, 10005

Building Size

20,000 SF

Asset Type

Office

Closing

Sep 13, 2018

AI

The property involved in this transaction is located at 100 Wall St, New York, NY, 10005. This lease encompasses approximately 20,000 square feet within the Seaport area of New York. The asking rent for the space was in the mid-$50s per square foot. The lease is structured for a duration of 15 years.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 100 Wall St, New York, NY, 10005
  • Market: New York
  • Tenant: PR Consulting
  • Landlord: Barings
  • Tenant's Representative: Koa Thomas-Fredericks (EXP Realty)
  • Landlord's Representative: Kyle Young (JLL)
  • Previous Location: 304 Hudson Street
  • Occupancy Start: December or January
  • Entire Upper Floor: Yes

Joseph Simon, Skyler Simon, and Eric Thomas from Cushman & Wakefield represented PR Consulting in the lease negotiations. The landlord, Barings, was represented by Kyle Young and Scott Cahaly from JLL, confirming the involvement of experienced brokers in facilitating this transaction.

Players

Kyle Young

JLL

Broker

$38.2M

vol

16 deals

Broker
Barings
BaringsLandlord

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