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250 Hudson St, New York, NY...

TED Conferences Expands At Edelman's 250 Hudson St Office In New York
LEASEDOffice

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

Ken Meyerson

CBRE

Broker

7 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