facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

150 William Street

New York City Administration For Children's Services Extends Office Lease At 150 William Street In Financial District
LEASEDOffice

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

KM
KF Braun ManagementLandlord

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

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93