MDRX Law Leases Office Space At 17 State Street In Battery Park With Tenant's Rep Matthew DeRose & William Janetschek - Nomad Group And Landlord's Rep AJ Camhi & Ryan Silverman - RFR Realty
17 State Street, New York, NY, USA
Building Size
3,989 SF
Asset Type
Office
Closing
Aug 1, 2020
AI
An office space located at 17 State Street in Battery Park has been leased. The property is owned by RFR Realty. The tenant, MDRX Law, was represented by Matthew DeRose and William Janetschek from Nomad Group. AJ Camhi and Ryan Silverman from RFR Realty acted as the landlord's representatives in the deal. The lease was signed on August 1, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 17 State Street
- Market: Battery Park
MDRX Law, a legal firm, has leased the office space at 17 State Street. Matthew DeRose and William Janetschek from Nomad Group represented the tenant's side, while AJ Camhi and Ryan Silverman from RFR Realty represented the landlord. The asking rent for the 3,989 square feet space was $74 per square foot.
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