facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

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

CureMD Leases Office Space At 172 Pearl St, New York - Rudin Management Company
LEASEDOffice

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

Michael Berman

JLL

Broker

9 deals

Broker
Rudin Management Company
Rudin Management CompanyBrokerage
Rudin Management Company
Rudin Management CompanyLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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