Brookfield Property Partners Leases Office Space To Tenant At 250 Vesey St NYC
250 Vesey St, New York, NY, 10281
$60
$60/SF
Building Size
13,052 SF
Asset Type
Office
Closing
Dec 22, 2015
AI
The property involved in this transaction is an office asset located at 250 Vesey St, New York, NY, 10281. The lease was dated 12/22/2015, and the asset spans 13,052 square feet. The rent per square foot for this lease is $60 in the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 250 Vesey St, New York, NY, 10281
- Market: New York
- Square Feet: 13,052
- Rent/SF: $60
- Landlord: Brookfield Property Partners
- Tenant's Representative: Robert "Rob" Wizenberg-CBRE
- Landlord's Representative: Michael Berman-JLL
This lease involved key representatives in the transaction, with Robert "Rob" Wizenberg serving as the tenant's representative from CBRE and Michael Berman representing the landlord from JLL. The landlord for this transaction was Brookfield Property Partners.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93