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11 Times Square, New York, ...

Sheena Gohil Represents Synechron In 11 Times Square Office Lease
LEASEDOffice

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

Sheena Gohil

Colliers

Broker

11 deals

Broker
PGIM
PGIM Landlord

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