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107 Greenwich Street

Puck News Leases Office Space At 107 Greenwich Avenue In Financial District
LEASEDOffice

Puck News Leases Office Space At 107 Greenwich Avenue In Financial District

107 Greenwich Street

$79

$79/SF

Building Size

10,108 SF

Asset Type

Office

Closing

Jun 6, 2024

AI

Located at 107 Greenwich Avenue in the Financial District, the property involved in this lease transaction is an office space spanning 10,108 square feet. The landlord, Trinity Church, sealed the deal with Puck News for a Modified Gross Lease at an asking rent of $79 per square foot.

Summary of transaction details:

The negotiation and signing of the lease were orchestrated by Andrew Coe & Margaux Kelleher from JLL, representing the landlord, Trinity Church, and Eric Siegel & Raphael Zar from LSL Advisors, serving as the tenant's representatives for Puck News. This successful lease agreement points to a promising collaboration between the involved parties for this office space in the bustling Financial District.

Players

Eric Siegel

LSL Advisors

Broker

$96M

vol

56 deals

Broker

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

200797.47%

Cash-on-Cash

-57388.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93