Latham & Watkins Leases 20000 Square Feet At 100 West 51 Street New York From Rockefeller Group
100 West 51 Street, New York, NY, 10...
Building Size
20,000 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this lease transaction is located at 100 West 51 Street, New York, NY. It encompasses a total area of 20,000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 100 West 51 Street, New York, NY
- Square Feet: 20,000
- Tenant: Latham & Watkins
- Landlord: Rockefeller Group
- Tenant's Representative: Craig Reicher-CBRE
- Landlord's Representatives: Mary Ann Tighe-CBRE, Evan Haskell-CBRE, Howard Fiddle-CBRE, Jennifer Goldstein-Official
- Brokers: John Maher-CBRE
This transaction involved several key representatives, including Craig Reicher from CBRE representing the tenant. The landlord's interests were represented by multiple individuals from CBRE, specifically Mary Ann Tighe, Evan Haskell, Howard Fiddle, and Jennifer Goldstein. John Maher, also from CBRE, acted as the broker for the deal.
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