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
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