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
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