Hines Leases 29000 Square Feet To Tenant Represented By Harrison Katzman At 160 Varick St New York
160 Varick St, New York, NY, 10013
Building Size
29,000 SF
Asset Type
Office
Closing
Nov 29, 2018
AI
The property assets involved in this transaction is located at 160 Varick St, New York, NY, 10013. The total square footage of the premises is 29,000 square feet, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 160 Varick St, New York, NY, 10013
- Square Feet: 29,000
- Tenant's Representative: Harrison Katzman-Savitt Partners
- Landlord: Hines
The transaction involves key representatives from both sides, with Harrison Katzman from Savitt Partners representing the tenant in this lease agreement. The landlord in this deal is Hines.
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