New York City Administration For Children's Services Extends Office Lease At 150 William Street In Financial District
150 William Street
$30
$30/SF
Building Size
530,000 SF
Asset Type
Office
Closing
Oct 17, 2023
AI
The New York City Administration for Children's Services has extended its office lease for 530,000 square feet at 150 William Street in Manhattan's Financial District until August 2025. The property is an office building located at 150 William Street with an asking rent of $30.19 per square foot. The landlord, Yehuda Feder of KF Braun Management, agreed to the lease extension with the tenant, the New York City Administration for Children's Services.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 150 William Street
- Market: Financial District, Manhattan
- Landlord: Yehuda Feder - KF Braun Management
- Tenant: New York City Administration for Children's Services
- Asking Rent: $30.19 per square foot
- Square Footage: 530,000 square feet
Yehuda Feder, the landlord of the property, manages it through KF Braun Management. The New York City Administration for Children's Services is the tenant who decided to extend their lease until August 2025. This lease extension offers stability for the tenant and ensures that their office space needs will continue to be met at 150 William Street in the heart of Manhattan's Financial District.
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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93