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175 Greenwich Street, New Y...

Asana Leases Office Space At 175 Greenwich St. In Lower Manhattan
LEASEDOffice

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

Jeremy Moss

Silverstein Properties

Landlord

4 deals

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