Perseus Leases 11000 Square Feet At 110 William St New York From Savanna And KBS
110 William St, New York, NY, 10038
Building Size
11,000 SF
Asset Type
Office
Closing
Nov 10, 2015
AI
The property involved in the transaction is located at 110 William St, New York, NY, 10038. It encompasses a total of 11,000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 110 William St, New York, NY, 10038
- Square Feet: 11,000
- Tenant: Perseus
- Landlord: Savanna and KBS Strategic Opportunity REIT
- Tenant's Representative: Jamie Jacobs - Newmark
The lease was also signed by GLSEN, the gay, lesbian and straight education network, for an additional 11,400 square feet at the same address. The tenant was represented by Savills Studley’s Jarod Stern and Edmund Solarsh, while the ownership was represented by Newmark Grubb Knight Frank’s Hal Stein, Todd Stracci, and Travis Wilson.
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