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
About this deal
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.
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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