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11 E 26th St, New York, NY,...

Reorg Research Leases Office Space At 11 E 26th St, New York
LEASEDOffice

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

Michael Joseph

Colliers

Broker

16 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93