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2 World Trade Center, New Y...

McKinsey & Co Leases 186000 Square Feet At 2 World Trade Center From Silverstein Properties
LEASEDOffice

McKinsey & Co Leases 186000 Square Feet At 2 World Trade Center From Silverstein Properties

2 World Trade Center, New York, NY, 1...

Building Size

186,000 SF

Asset Type

Office

Closing

May 16, 2018

AI

The property involved in this transaction is located at 2 World Trade Center, New York, NY. The total square footage is 186,000. The market for this property is New York.

Summary of transaction details:

This lease represents a significant transaction facilitated by various brokers from CBRE, as well as representatives from Silverstein Properties and Brookfield, illustrating a collaborative effort among multiple agencies in the New York market.

Players

Stephen Siegel

CBRE

Broker

$85M

vol

9 deals

Broker
Silverstein Properties
Silverstein PropertiesLandlord

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