PGIM Real Estate Leases 29089 Square Feet At 11 Times Square New York With JLL's John Nugent
11 Times Square, New York, NY, 10036
Building Size
29,089 SF
Asset Type
Office
Closing
Nov 18, 2019
AI
The lease is located at 11 Times Square, New York, NY, 10036. This property encompasses 29,089 square feet within the New York market. The landlord of the property is PGIM Real Estate, facilitating the lease agreement.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 11 Times Square, New York, NY, 10036
- Square Feet: 29,089
- Tenant's Representative: John Nugent-JLL
- Landlord: PGIM Real Estate
John Nugent from JLL represents the tenant in this transaction, providing insights and support throughout the leasing process while working closely with PGIM Real Estate, the landlord managing the property itself.
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