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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 107 Greenwich Avenue
- Market: Financial District
- Landlord: Trinity Church
- Tenant: Puck News
- Landlord's Rep: Andrew Coe & Margaux Kelleher - JLL
- Tenant's Rep: Eric Siegel & Raphael Zar - LSL Advisors
- Asking Rent: $79/ft
- Lease Type: Modified Gross Lease
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
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