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19 Union Square West

Gresham Investment Management Relocates To 19 Union Square West Office Space
LEASEDOffice

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

Ben Waller

ABS Partners Real Estate

Broker

13 deals

Broker

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