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100 West 51 Street, New Y...

Latham & Watkins Leases 20000 Square Feet At 100 West 51 Street New York From Rockefeller Group
LEASEDOffice

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:

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

Jennifer Goldstein

Douglas Elliman

Broker

$161.2M

vol

33 deals

Broker
Rockefeller Group
Rockefeller GroupLandlord
Latham & Watkins
Latham & WatkinsTenant

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