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200 Vesey Street

American Express Secures Sublease For 33,000 SF Office Space In Manhattan
LEASEDOffice

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:

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

Andrew Coe

JLL

Broker

$500M

vol

18 deals

Broker
AE
American ExpressTenant

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