Asana Leases Office Space At 175 Greenwich St. In Lower Manhattan
175 Greenwich Street, New York City, New York 10007, United States
Building Size
61,000 SF
Asset Type
Office
Closing
Sep 14, 2022
AI
The office property located at 175 Greenwich St. in Lower Manhattan has been leased. The lease was secured by Asana, a company known for its project management software. The transaction was facilitated by Silverstein Properties, represented by Jeremy Moss.
Summary of transation details
- Property Type: Office
- Transaction Date: 09/15/2022
- Address: 175 Greenwich St.
- Market: Lower Manhattan
Asana will occupy approximately 61,000 square feet of office space at 175 Greenwich St. The lease agreement was negotiated with an asking rent of $135 per square foot.
Jeremy Moss of Silverstein Properties played a key role in representing the landlord in this transaction. Asana, a leading project management software company, will benefit from this new office space in Lower Manhattan.
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