CureMD Leases Office Space At 172 Pearl St, New York - Rudin Management Company
172 Pearl St, New York, NY, 10005
Building Size
9,439 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 172 Pearl St, New York, NY, 10005. This asset type is classified as office space, comprising a total of 9,439 square feet. The market for this transaction is New York.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 172 Pearl St, New York, NY, 10005
- Square Feet: 9439
- Tenant: CureMD
- Landlord: Rudin Management Company
- Brokers: Michael Berman - JLL
Rudin Management Company executed multiple office leases, totaling over 100,000 square feet at 80 Pine St in the Financial District. The company's in-house leasing team, including Tom Keating, Kevin Daly, and Robert Steinman, collaborated with JLL’s representatives, Frank Doyle, Alexander Chudnoff, John Wheeler, Kyle Young, and Eliza Gordon, highlighting the involvement of significant professionals in the leasing process.
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