Cornicello & Tendler Leases 7508 Square Feet At 2 Wall St New York With Transwestern Representation
2 Wall St, New York, NY, 10005
Building Size
7,508 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 2 Wall St, New York, NY, 10005. It spans a total of 7,508 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 7508
- Tenant: Cornicello & Tendler
- Landlord: George Comfort & Sons
- Tenant's Representative: Joel Wechsler - CBRE
- Landlord's Representatives: Carly Beetham, Jonathan Tootell - Transwestern
This transaction features key representatives facilitating the agreement, including Joel Wechsler from CBRE representing the tenant, Cornicello & Tendler, and Carly Beetham and Jonathan Tootell from Transwestern representing the landlord, George Comfort & Sons.
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