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26 Nassau St, New York, NY,...

Local Initiatives Support Corporation Leases 60,000 SF Office Space In New York
LEASEDOffice

Local Initiatives Support Corporation Leases 60,000 SF Office Space In New York

26 Nassau St, New York, NY, 10005

Building Size

60,000 SF

Asset Type

Office

Closing

Jan 25, 2019

AI

The property at 26 Nassau St, New York, NY, 10005 is an office space spanning 60,000 square feet. The lease for this property was finalized on January 25, 2019, in New York. The landlord of this office space is Fosun International, facilitated by Lance Korman from Newmark. The tenant occupying this office is the Local Initiatives Support Corporation.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Specified
  • Address: 26 Nassau St, New York, NY, 10005
  • Market: New York
  • BROKERS: Lance Korman (Newmark)
  • TENANT: Local Initiatives Support Corporation
  • LANDLORD: Fosun International
  • SQUARE FEET: 60,000

The deal's key individuals involved in this transaction include Lance Korman from Newmark, representing the landlord, Fosun International, and facilitating the lease agreement with the tenant, the Local Initiatives Support Corporation.

Players

Lance Korman

Newmark

Broker

$52.7M

vol

9 deals

Broker
FI
Fosun InternationalLandlord

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