facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

123 William St, New York, N...

General Services Administration Inks Lease At 123 William St, New York
LEASEDOffice

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:

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

Yolanda Morgan-Wells

JLL

Broker

1 deal

Broker
GA
General Services AdministrationTenant

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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