American Express Secures Sublease For 33,000 SF Office Space In Manhattan
200 Vesey Street
Building Size
33,000 SF
Asset Type
Office
Closing
Jan 23, 2024
AI
Located at 200 Vesey Street in Manhattan, a transaction involving a 33,000 square foot office space has taken place. The sublease was secured by American Express, with Cision serving as the sublandlord in this deal.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 200 Vesey Street
- Market: Manhattan
- Landlord: Cision
- Tenant: American Express
- Landlord's Rep: Kate Walker & Nicholas (Nick) Farmakis - Savills
- Tenant's Rep: Andrew Coe, Edward DiTolla, Lisa Kiell & Michael Shenot - JLL
- Lease Type: Sublease
The key individuals involved in this transaction were Andrew Coe, Edward DiTolla, Lisa Kiell, and Michael Shenot representing American Express in the deal. On the other side, Kate Walker and Nicholas (Nick) Farmakis represented Cision in their capacity as the landlord. This successful sublease deal between American Express and Cision marks a significant transaction in the Manhattan office space market.
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