RFR Realty Leases 2 Pearl St Office In New York To Tenant Robert Wizenberg
2 Pearl St, New York, NY, 10004
Building Size
7,234 SF
Asset Type
Office
Closing
May 8, 2017
AI
The office property located at 2 Pearl St, New York, NY, 10004, in the New York market has a total square footage of 7234. The lease for this property was finalized on 05/08/2017.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 2 Pearl St, New York, NY, 10004
- Market: New York
- Landlord: RFR Realty
- Brokers: Robert (Rob) Wizenberg (CBRE)
The deal involved the landlord, RFR Realty, and the broker, Robert (Rob) Wizenberg from CBRE. The transaction exemplifies successful lease negotiations in the competitive New York office market.
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