E-Trade Leases Office Space At 11 Times Square, New York By PGIM Real Estate
11 Times Square, New York, NY, 10036
Building Size
31,234 SF
Asset Type
Office
Closing
Jan 10, 2017
AI
The property at 11 Times Square, New York, NY, 10036, is an office space measuring 31,234 square feet. The lease transaction took place on 01/10/2017 in the New York market. The tenant, E-Trade, was represented by Michael Wellen, Scott Sloves, and Zachary Weil from CBRE. The landlord in this deal was PGIM Real Estate.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 11 Times Square, New York, NY, 10036
- Market: New York
- Tenant's Rep: Michael Wellen(CBRE), Scott Sloves(CBRE), Zachary Weil(CBRE)
- Broker: Mark Ravesloot(CBRE)
- Tenant: E-Trade
- Landlord: PGIM Real Estate
- Square Feet: 31,234
The deal's key individuals involved were Michael Wellen, Scott Sloves, Zachary Weil, and Mark Ravesloot from CBRE. These individuals played vital roles in facilitating the lease transaction between E-Trade and PGIM Real Estate. Unfortunately, the specific transaction amount was not disclosed in the available information.
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