TED Conferences Expands At Edelman's 250 Hudson St Office In New York
250 Hudson St, New York, NY, 10013
Building Size
13,000 SF
Asset Type
Office
Closing
Mar 15, 2016
AI
The asset involved in this transaction is an office space located at 250 Hudson St, New York, NY, 10013, within the New York market. The space encompasses 13,000 square feet. The landlord of the property is Edelman.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Feet: 13,000
- Address: 250 Hudson St, New York, NY, 10013
- Landlord: Edelman
- Landlord's Representatives: Sacha Zarba - CBRE, Scott Bogetti - Savills Studley
- Tenant: TED Conferences
- Tenant's Representatives: Mary Ann Tighe - CBRE, Ken Meyerson - CBRE
This lease transaction involves TED Conferences signing a four-year expansion at the specified office location. The transaction was represented by CBRE's Mary Ann Tighe and Ken Meyerson for the tenant, while the landlord's side was represented by CBRE's Scott Bogetti and Sacha Zarba.
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