Convene Leases 58000 Square Feet At 2 Rector St New York With Bentall Kennedy As Landlord
2 Rector St, New York, NY, 10006
Building Size
58,000 SF
Asset Type
Office
Closing
Oct 2, 2017
AI
The property asset involved in this transaction is located at 2 Rector St, New York, NY, 10006. It spans a total area of 58,000 square feet within the New York market, providing significant space for the tenant's needs.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2 Rector St, New York, NY, 10006
- Square Feet: 58,000
- Tenant: Convene
- Landlord: Bentall Kennedy
- Tenant's Representative: Jared Freede - CBRE
This transaction includes key individuals and companies involved in the lease agreement. Jared Freede represents the tenant, Convene, through his role at CBRE, ensuring the tenant's interests are prioritized in the deal with landlord Bentall Kennedy.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93