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
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