Court 16 Lease At 28 Liberty St. Financial District Signed With Fosun Hive Holdings - Brad Cohen, Jon Kamali & CBRE, J3K Real Estate
28 Liberty Street, New York City, New York 10005, United States
Building Size
7,104 SF
Asset Type
Office
Closing
May 14, 2022
AI
Located at 28 Liberty St., in the Financial District, this recently closed transaction involved a lease for a retail/office space. The property spans approximately 7,104 square feet, and the deal was finalized on May 15, 2022.
Summary of transaction details
- Property Type: Retail/Office
- Transaction Date: May 15, 2022
- Address: 28 Liberty St.
- Market: Financial District
The landlord of the property is Fosun Hive Holdings, represented by Thomas Costanzo. The tenant, Court 16, was assisted by Brad Cohen of CBRE and Jon Kamali of J3K Real Estate as their representatives. On the other hand, the landlord was represented by Jeffrey Roseman, Ross Kaplan, and Drew Weiss of Newmark. The asking rent for this lease was $80 per square foot.
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