WithSecure Signs Five-Year Lease For New York City Office Space At 116 East 16th Street
116 E 16th St New York, NY 10003, USA
$65
$65/SF
Building Size
6,500 SF
Asset Type
Office
Closing
Jun 22, 2023
About this deal
AI
WithSecure is moving its New York City offices to 116 East 16th Street. The company signed a five-year lease for 6,500 square feet in the building, which is owned by Samco Properties, and plans to occupy the space in July.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 116 East 16th Street
- Market: New York City
The landlord for this lease deal is Samco Properties, while the tenant is WithSecure. The brokers representing both parties in this transaction are Brett Harvey and Andrew Coe from JLL.
On the Map
$65
$65/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93