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
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