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20 Vesey St, New York, NY, ...

Trinity Boxing Club Leases 4500 Square Feet At 20 Vesey St New York From Castega Realty Associates
LEASEDOffice

Trinity Boxing Club Leases 4500 Square Feet At 20 Vesey St New York From Castega Realty Associates

20 Vesey St, New York, NY, 10007

Building Size

4,500 SF

Asset Type

Office

Closing

Mar 22, 2022

AI

The lease transaction involves a property located at 20 Vesey St, New York, NY, 10007, within the New York market. The leased space encompasses 4500 square feet, catering to the Trinity Boxing Club as the tenant and facilitated by Castega Realty Associates as the landlord.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 20 Vesey St, New York, NY, 10007
  • Market: New York
  • Tenant: Trinity Boxing Club
  • Landlord: Castega Realty Associates
  • Tenant's Representative: Joshua Berger (Newmark)

The deal's key players include Joshua Berger from Newmark, representing the tenant, Trinity Boxing Club, while Castega Realty Associates acts as the landlord in this transaction.

Players

Richard Smith Soto

Broker

$43.8M

vol

8 deals

Broker

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