Booking.com Leases 53,000 SF Office Space At 26 Nassau St, NY
26 Nassau St, New York, NY, 10005
Building Size
53,000 SF
Asset Type
Office
Closing
Nov 7, 2017
AI
The office asset located at 26 Nassau St, New York, NY, 10005 in the New York market spans 53,000 square feet. Fosun International is the landlord of this property where Booking.com, represented by Richard Levine of Berkadia, secured a lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: Booking.com
- Tenant's Rep: Richard Levine(Berkadia)
- Landlord: Fosun International
- Square Feet: 53,000
- Address: 26 Nassau St, New York, NY, 10005
Booking.com signed a 10-year lease for 53,000 square feet across the 28th and 29th floors of the tower at 26 Nassau St. The landlord, Fosun International, is currently repositioning the property it acquired in 2013; John Wheeler's JLL team is handling the leasing while CBRE's Richard Levine represented Booking.com in the transaction.
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