Gresham Investment Management Relocates To 19 Union Square West Office Space
19 Union Square West
$80
$80/SF
Building Size
9,233 SF
Asset Type
Office
Closing
Jun 10, 2024
AI
19 Union Square West, located in Union Square, Manhattan, is the site of a recent lease transaction. The office space comprises 9,233 square feet on the 11th floor, with an asking rent of $80.93 per square foot. The landlord, Walford Company, facilitated the deal, with representation from Ben Waller & James Caseley of ABS Partners Real Estate for the landlord, and Chris Joyner of Fischer & Company & Scott Vinett of JLL for the tenant.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 19 Union Square West
- Market: Union Square, Manhattan
- Landlord: Walford Company
- Landlord's Rep: Ben Waller & James Caseley - ABS Partners Real Estate
- Tenant's Rep: Chris Joyner - Fischer & Company & Scott Vinett - JLL
- Asking Rent: $80.93/ft
- SF: 9,233
Gresham Investment Management, a Nuveen Investments subsidiary, has secured the lease for the 9,233 square feet of office space at 19 Union Square West. The location, positioned in the vibrant and commuter-friendly area of Union Square, offers elevated office spaces. The negotiation for this lease was carried out amidst a Midtown South office market that, on average, was priced at $80.93 per square foot in the first quarter of 2024.
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