AccreteAI Leases Office Space In Financial District's 17 State St. From RFR Realty
17 State St, New York, NY, USA
Building Size
6,681 SF
Asset Type
Office
Closing
Apr 5, 2021
AI
17 State St. (Suite 3500) in the Financial District has been leased. The office space, with a size of 6,681 square feet, was leased by AccreteAI. The lease transaction took place on April 6, 2021. The asking rent for the property was $74 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 17 State St. (Suite 3500)
- Market: Financial District
The tenant in this lease deal was AccreteAI. The landlord was RFR Realty, represented by AbyRosen. Nomad Group, represented by Matthew DeRose, William Janetschek, and Dalton Schroeder, acted as the tenant's representative. The landlord's representative was AJ Camhi and Ryan Silverman from RFR Realty.
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