EnTech Engineering Leases 14500 Square Feet At 2 Pearl St New York Represented By Jonathan Fein
2 Pearl St, New York, NY, 10004
Building Size
14,500 SF
Asset Type
Office
Closing
May 8, 2017
AI
The leased property is located at 2 Pearl St, New York, NY, 10004, within the New York market. The total square footage of the asset is 14,500 square feet.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: EnTech Engineering
- Landlord: RFR Realty
- Tenant's Representative: Jonathan Fein, Cushman & Wakefield
This transaction involves EnTech Engineering as the tenant, represented by Jonathan Fein from Cushman & Wakefield, negotiating with RFR Realty, the landlord. The engagement reflects the interests of the parties involved in securing the leasing of the specified property.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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