Capell Barnett Matalon & Schoenfeld Signs 15-Year Lease For 14 Penn Plaza Office Space
14 Penn Plaza, New York, NY 10122
$60
$60/SF
Building Size
15,000 SF
Asset Type
Office
Closing
Aug 10, 2023
About this deal
AI
The law firm Capell Barnett Matalon & Schoenfeld has signed a 15-year lease for a 15,000-square-foot space at 14 Penn Plaza, located in the Midtown market. The property is owned by Circle Realty Group. The asking rent for the lease is $60 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 14 Penn Plaza
- Market: Midtown
Richard Kramer from Newmark represented Capell Barnett Matalon & Schoenfeld as the broker in this transaction.
The office lease at 14 Penn Plaza, New York, NY 10122 in New York, New York leased for $60 in 2023. The building is 15,000 square feet, implying about 60 per square foot on the published price. Richard Kramer, Newmark appear on the lease alongside Newmark. This page is the New York, New York file for the 14 Penn Plaza, New York, NY 10122 office leased: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else leased near 14 Penn Plaza, New York, NY 10122 around 2023. Published consideration for 14 Penn Plaza, New York, NY 10122 is $60, dated 2023. Cite this Capell Barnett Matalon & Schoenfeld Signs 15-Year Lease For 14 Penn Plaza Office Space lease when underwriting similar office product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93