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100 West 51 Street, New Yor...

Blank Rome Leases 138000 Square Feet At 100 West 51 Street New York From Rockefeller Group
LEASEDOffice

Blank Rome Leases 138000 Square Feet At 100 West 51 Street New York From Rockefeller Group

100 West 51 Street, New York, NY, 10...

Building Size

138,000 SF

Asset Type

Office

Closing

May 15, 2018

AI

The property asset involved in the transaction is located at 100 West 51 Street, New York, NY. This lease transaction encompasses a total area of 138,000 square feet within 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: 138000
  • Tenant: Blank Rome
  • Landlord: Rockefeller Group
  • Tenant's Representative: David Kleinhandler - CBRE
  • Brokers: Ken Rapp - CBRE

The deal includes key participants such as the landlord Rockefeller Group and tenant Blank Rome, both represented by brokers from CBRE. David Kleinhandler and Ken Rapp, serving as the tenant's representative and broker respectively, facilitated this transaction.

Players

Ken Rapp

CBRE

Broker

8 deals

Broker
Rockefeller Group
Rockefeller GroupLandlord

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