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104 Greene St, New York, NY...

Untuckit Leases 14,793 SF At 104 Greene St New York With Landlord SL Green Realty Corp
LEASEDOffice

Untuckit Leases 14,793 SF At 104 Greene St New York With Landlord SL Green Realty Corp

104 Greene St, New York, NY, 10012

$75

$75/SF

Building Size

14,793 SF

Asset Type

Office

Closing

May 15, 2018

AI

The lease is for a commercial property located at 104 Greene St, New York, NY, 10012, in the New York market. The tenant, Untuckit, occupies 14,793 square feet of space with a rental rate of $75 per square foot, under a lease agreement with the landlord, SL Green Realty Corp.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 104 Greene St, New York, NY, 10012
  • Market: New York
  • Square Feet: 14,793
  • Rent/SF: $75
  • Tenant: Untuckit
  • Landlord: SL Green Realty Corp.
  • Tenant's Representative: Daniel (Dan) Organ from Cushman & Wakefield, David Berke from Newmark Knight Frank

The transaction involved notable representatives in commercial real estate, with Daniel (Dan) Organ and David Berke acting on behalf of the tenant, Untuckit, providing their expertise in securing the lease with SL Green Realty Corp.

Players

Daniel Organ

Cushman & Wakefield

Broker

$25M

vol

10 deals

Broker
SL Green
SL GreenLandlord

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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93