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2 Wall St, New York, NY, 10005

Cornicello & Tendler Leases 7508 Square Feet At 2 Wall St New York With Transwestern Representation
LEASEDOffice

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:

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

Carly Beetham

Transwestern

Broker

1 deal

Broker
CBRE
CBREBrokerage
George Comfort & Sons
George Comfort & SonsLandlord

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