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

Elefterakis, Elefterakis & Panek Leases 12000 Square Feet At 172 Pearl St New York
LEASEDOffice

Elefterakis, Elefterakis & Panek Leases 12000 Square Feet At 172 Pearl St New York

172 Pearl St, New York, NY, 10005

Building Size

12,000 SF

Asset Type

Office

Closing

May 30, 2017

AI

A lease transaction occurred for a property located at 172 Pearl St, New York, NY, 10005. The property encompasses an area of 12,000 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 172 Pearl St, New York, NY, 10005
  • Square Feet: 12,000
  • Tenant: Elefterakis, Elefterakis & Panek
  • Landlord: American International Group
  • Tenant's Representative: Henry Fuentes - Avison Young
  • Landlord's Representatives: Lauren Calandriell - JRT Realty Group, Jodi Pulice

The transaction involved key representatives with Henry Fuentes representing the tenant and Lauren Calandriell along with Jodi Pulice representing the landlord. This collaboration facilitated the lease agreement for the specified property.

Players

Jodi Pulice

Broker

1 deal

Broker
AI
American International Group Inc.Landlord

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