Digital Asset Leases Office Space At 107 Greenwich Street From Trinity Church Wall Street
107 Greenwich Street
$80
$80/SF
Building Size
12,000 SF
Asset Type
Office
Closing
Mar 24, 2025
AI
The transaction involves an office asset located at 107 Greenwich Street in New York City, leased at a rate of $80 per square foot for a total of 12,000 square feet. The property is associated with Trinity Church Wall Street as the landlord.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $960,000
- Tenant: Digital Asset
- Landlord: Trinity Church Wall Street
- Tenant's Representative: Kirill Azovtsev (Savills), Slava Vaynberg, James (Jim) Wenk (Savills)
- Landlord's Representatives: Matthew Fox (Trinity Real Estate), Andrew Coe (JLL), John Wheeler (JLL)
The lease was finalized on March 24, 2025, involving several representatives from both the tenant and landlord sides to facilitate the agreement. Notably, the involvement of multiple brokers from Savills and JLL indicates a collaborative effort in securing the lease for Digital Asset, ensuring all parties' interests were managed effectively.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93