Accuweather Leases 14311 Square Feet At 172 Pearl St New York From Rudin Management Company
172 Pearl St, New York, NY, 10005
Building Size
14,311 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 172 Pearl St, New York, NY, 10005. It is situated in the New York market with a total square footage of 14,311. The landlord of the property is Rudin Management Company, while Accuweather serves as the tenant.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 172 Pearl St, New York, NY, 10005
- Market: New York
- Square Feet: 14,311
- Tenant: Accuweather
- Landlord: Rudin Management Company
- Brokers: Daniel Appel - Newmark, Stephany Oliveros Hallstein - Compass
This transaction involved Rudin Management Company representing itself through its in-house leasing team, which includes Tom Keating, Kevin Daly, and Robert Steinman. Additionally, JLL's team consisting of Frank Doyle, Alexander Chudnoff, John Wheeler, Kyle Young, and Eliza Gordon supported the landlord in this 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