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
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