Major League Baseball Leases 400000 Square Feet At 100 West 51 Street New York From Rockefeller Group
100 West 51 Street, New York, NY, 10...
Building Size
400,000 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property asset involved is located at 100 West 51 Street, New York, NY, encompassing a total of 400,000 square feet. This property resides in the New York market and is owned by Rockefeller Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 400,000
- Address: 100 West 51 Street, New York, NY
- Market: New York
- Landlord: Rockefeller Group
- Tenant: Major League Baseball
- Landlord's Representative: Edward Guiltinan - Rockefeller Group
The transaction features Major League Baseball as the tenant of the property, further emphasizing the involvement of Edward Guiltinan in representing the landlord, Rockefeller Group, during this lease agreement.
On the Map
Office
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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