Sheena Gohil Represents Synechron In 11 Times Square Office Lease
11 Times Square, New York, NY, 10036
Building Size
11,831 SF
Asset Type
Office
Closing
Jan 10, 2017
AI
The office building located at 11 Times Square, New York, NY, 10036, with a total square footage of 11,831 square feet, was the subject of a lease transaction on January 10, 2017. The tenant, Synechron, was represented by Sheena Gohil from Colliers International, while the landlord was PGIM Real Estate. The property is situated in the vibrant market of New York, making it a prime location for commercial activities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Synechron
- Tenant's Representative: Sheena Gohil (Colliers International)
- Landlord: PGIM Real Estate
- Square Feet: 11,831
The lease transaction at 11 Times Square involved Synechron as the tenant, a leading player in the industry, and PGIM Real Estate as the landlord. Sheena Gohil from Colliers International played a pivotal role as the tenant's representation, ensuring a smooth negotiation process for all parties involved in the deal.
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