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
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