Reorg Research Leases Office Space At 11 E 26th St, New York
11 E 26th St, New York, NY, 10010
Building Size
12,000 SF
Asset Type
Office
Closing
May 3, 2016
AI
The office property located at 11 East 26th St in New York, NY, 10010, has been leased by financial analysis firm Reorg Research for a 10-year term. The deal encompasses 12,000 square feet of space at an asking rent of $65 per square foot. The tenant's representatives, Michael Joseph and Taylor Bell from Colliers International, facilitated the transaction on behalf of Reorg Research, while James Buslik from Adams & Co represented the landlord, East Twenty Sixth Associates.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Reorg Research
- Landlord: East Twenty Sixth Associates
- Square Feet: 12,000
- Tenant's Rep: Michael Joseph (Colliers International), Taylor Bell (Colliers International)
- Landlord's Rep: James Buslik (Adams & Co)
Colliers International's Michael Joseph and Taylor Bell successfully assisted Reorg Research in securing the lease at 11 East 26th St. This agreement marks a significant long-term commitment from the tenant towards their operational space. On the other side, James Buslik of Adams & Co played a crucial role in representing the landlord, ensuring a mutually beneficial transaction for both parties involved.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93