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17 State Street, New York, ...

Axioma Leases 30000 Square Feet At 17 State Street New York With Landlord RFR Realty
LEASEDOffice

Axioma Leases 30000 Square Feet At 17 State Street New York With Landlord RFR Realty

17 State Street, New York, NY, 10004

Building Size

30,000 SF

Asset Type

Office

Closing

Jul 19, 2019

AI

The property involved in this transaction is located at 17 State Street, New York, NY, 10004, within the New York market. The facility comprises 30,000 square feet and is subject to a lease agreement.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 17 State Street, New York, NY, 10004
  • Market: New York
  • Tenant: Axioma
  • Landlord: RFR Realty
  • Tenant's Representative: Clyde Reetz (CBRE)
  • Landlord's Representatives: Clayton Kline (JLL), John Wheeler (JLL)
  • Square Feet: 30,000

The transaction involves key stakeholders including Axioma as the tenant and RFR Realty as the landlord. The tenant's representative, Clyde Reetz from CBRE, contributed to the negotiation process, while the landlord was represented by Clayton Kline and John Wheeler from JLL, ensuring both parties were effectively supported throughout the deal.

Players

John Wheeler

JLL

Broker

$38.2M

vol

11 deals

Broker

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