PR Newswire Leases 33866 Square Feet From Brookfield Properties At 200 Vesey St New York
200 Vesey St, New York, NY, 10281
Building Size
33,866 SF
Asset Type
Office
Closing
Aug 21, 2018
AI
The property involved in the transaction is located at 200 Vesey St, New York, NY, 10281. It is a leased space comprising 33,866 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: PR Newswire
- Landlord: Brookfield Properties
- Tenant's Representatives: Don Preate, Francis (Frank) Coco (JLL)
- Landlord's Representatives: Michael Berman, Clayton Kline (JLL)
- Brokers: John Wheeler (JLL)
This lease transaction involved key representatives from JLL, with multiple individuals facilitating the deal, representing both the tenant and the landlord, ensuring a smooth negotiation process.
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