AFLAC Leases Office Space On Wall St, NYC From Landlord Alexander Rovt
14 Wall St, New York, NY, 10005
Building Size
8,802 SF
Asset Type
Office
Closing
Jun 28, 2019
AI
The property located at 14 Wall St, New York, NY, 10005, is an office space spanning 8,802 square feet. This transaction, dated June 28, 2019, involved the leasing of this office space in the bustling New York market. AFLAC, the tenant, secured this space from the landlord, Alexander Rovt, with Scott Vinett from JLL representing the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: AFLAC
- Landlord: Alexander Rovt
- Square Feet: 8,802
- Tenant's Rep: Scott Vinett (JLL)
This lease agreement was facilitated with Scott Vinett of JLL representing AFLAC, effectively connecting the tenant with the landlord, Alexander Rovt. The deal underscores the importance of skilled real estate representation in securing and finalizing such transactions in the competitive New York market.
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