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156 William St, New York, N...

Weill Cornell Medical College Leases 55000 Square Feet At 156 William St New York From LaSalle Investment Management
LEASEDOffice

Weill Cornell Medical College Leases 55000 Square Feet At 156 William St New York From LaSalle Investment Management

156 William St, New York, NY, 10038

Building Size

55,000 SF

Asset Type

Office

Closing

Jul 5, 2016

AI

The transaction involves a lease at 156 William St, New York, NY, 10038, encompassing a total of 55,000 square feet in the New York market.

Summary of transaction details:

This lease negotiation witnessed participation from several key representatives, ensuring that both the tenant's and landlord's interests were effectively represented throughout the process.

Players

Josef Yadgarov

The Corcoran Group

Broker

4 deals

Broker
JLL
JLLBrokerage
JLL
JLLLandlord

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