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

Accuweather Leases 14311 Square Feet At 172 Pearl St New York From Rudin Management Company
LEASEDOffice

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

Daniel Appel

Newmark

Broker

8 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