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172 Pearl St, New York, NY,...

Rudin Management Leases Office Space To January Digital At 172 Pearl St
LEASEDOffice

Rudin Management Leases Office Space To January Digital At 172 Pearl St

172 Pearl St, New York, NY, 10005

Building Size

4,782 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

The office property located at 172 Pearl St, New York, NY, 10005, is a 4782 square feet space leased by January Digital. The landlord for this asset is Rudin Management Company. The leasing process was facilitated by Stephan Steiner from Savills.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not available
  • Tenants: January Digital
  • Landlord: Rudin Management Company
  • Broker: Stephan Steiner (Savills)

Rudin Management Company recently completed five office leases, totaling over 100,000 square feet at 80 Pine St in the Financial District. The company's in-house leasing team, consisting of Tom Keating, Kevin Daly, and Robert Steinman, collaborated with JLL's agents Frank Doyle, Alexander Chudnoff, John Wheeler, Kyle Young, and Eliza Gordon to represent Rudin Management in these leasing transactions.

Players

Stephan Steiner

Savills

Broker

$10.7M

vol

3 deals

Broker
Rudin Management Company
Rudin Management CompanyBrokerage
Rudin Management Company
Rudin Management CompanyLandlord

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