SpotMap Leases 7147 Square Feet At 176 Grand St New York From Split Rail Holdings
176 Grand St, New York, NY, 10013
Building Size
7,147 SF
Asset Type
Office
Closing
Apr 1, 2022
AI
The property involved in this lease transaction is located at 176 Grand St, New York, NY, 10013. This space encompasses a total of 7,147 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 176 Grand St, New York, NY, 10013
- Square Feet: 7,147
- Tenant: SpotMap
- Landlord: Split Rail Holdings
- Tenant's Representative: Justin Myers, Dennis Someck - Lee & Associates
- Landlord's Representative: Janet Liff
This transaction was facilitated by key representatives where Justin Myers and Dennis Someck represented SpotMap, while Janet Liff represented Split Rail Holdings in the leasing agreement.
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