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107 Greenwich Street

Industrious Signs Long-Term Lease With Trinity Church Wall Street For 24,534 Square Feet Office
LEASEDOffice

Industrious Signs Long-Term Lease With Trinity Church Wall Street For 24,534 Square Feet Office

107 Greenwich Street

Building Size

24,534 SF

Asset Type

Office

Closing

May 19, 2025

AI

107 Greenwich Street, located in Manhattan’s Financial District, is an office asset comprising 24,534 square feet. The property is under the ownership of Trinity Church Wall Street and is part of the financial market segment.

Summary of transaction details:

The transaction marks a long-term leasing agreement between the coworking firm Industrious and the landlord Trinity Church Wall Street, showcasing a significant partnership in the office market. The representatives from JLL and Cushman & Wakefield played pivotal roles in facilitating this deal.

Players

John Wheeler

JLL

Broker

$38.2M

vol

11 deals

Broker

Jamie Hodari

Industrious

Tenant

11 deals

Tenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93