facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

11 Times Square, New York, ...

E-Trade Leases Office Space At 11 Times Square, New York By PGIM Real Estate
LEASEDOffice

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

Mark Ravesloot

CBRE

Broker

6 deals

Broker
PGIM
PGIM Landlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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