General Services Administration Inks Lease At 123 William St, New York
123 William St, New York, NY, 10038
Building Size
48,211 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
The office property located at 123 William St, New York, NY, 10038, encompasses a total of 48,211 square feet. The lease transaction involved the General Services Administration as the tenant and NYC REIT as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant's Representative: William Korchak(JLL), Yolanda Morgan-Wells(JLL)
The tenant's representative for this deal was William Korchak from JLL, along with Yolanda Morgan-Wells, also from JLL, aiding in facilitating the lease agreement between the General Services Administration and NYC REIT.
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