19 Union Square W
19 Union Square W, New York, NY, 10...
$80
$80/SF
Building Size
18,600 SF
Asset Type
Office
Closing
May 15, 2018
AI
The property involved in the lease transaction is located at 19 Union Square W, New York, NY. It consists of 18,600 square feet of space. The rent is priced at $80 per square foot, situated in the competitive New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $1,488,000
- Address: 19 Union Square W, New York, NY
- Market: New York
- Tenant: Updater
- Landlord: Walford Company
- Tenant's Representative: Justin Myers, Dennis Someck - Lee & Associates
- Landlord's Representative: Charles Conwell, James Caseley - ABS Partners Real Estate
This lease transaction highlights the collaboration between the tenant, Updater, and landlord, Walford Company, facilitated by their respective representatives. Justin Myers and Dennis Someck from Lee & Associates represented the tenant, while Charles Conwell and James Caseley from ABS Partners Real Estate represented the landlord.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93