Dr. Gary Gates Of Pearson VUE Leases 11,716 Sq Ft Office At 255 Greenwich Street Manhattan
255 Greenwich Street
Building Size
11,716 SF
Asset Type
Office
Closing
May 12, 2025
AI
The asset involved in the transaction is an office space located at 255 Greenwich Street in Manhattan. This property encompasses a total area of 11,716 square feet. It is situated in a prime market area known for its significant commercial footprint.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 255 Greenwich Street
- Market: Manhattan
- Lease Term: 10-year lease
- Landlord: Jonathan Resnick - Jack Resnick & Sons
- Tenant: Dr. Gary Gates - Pearson VUE
- Landlord's Representative: Brett Greenberg & Adam Rappaport - Jack Resnick & Sons
- Tenant's Representative: Michael McKenna - Cresa
This transaction marks Pearson VUE's first office lease in New York City as the company expands beyond its headquarters in Minnesota. The representation by Brett Greenberg and Adam Rappaport from Jack Resnick & Sons alongside Michael McKenna from Cresa highlights the collaborative effort involved in finalizing this lease agreement.
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