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285 Fulton St, New York, NY...

Infosys Technologies Leases Office Space From Durst Organization At 285 Fulton St New York
LEASEDOffice

Infosys Technologies Leases Office Space From Durst Organization At 285 Fulton St New York

285 Fulton St, New York, NY, 10006

$69

$69/SF

Building Size

13,175 SF

Asset Type

Office

Closing

Aug 22, 2016

AI

The property asset involved is located at 285 Fulton St, New York, NY, 10006. This lease transaction includes a total area of 13,175 square feet at a rent price of $69 per square foot, situated within the New York market. The lease involves Infosys Technologies as the tenant and is managed by Durst Organization as the landlord.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 285 Fulton St, New York, NY, 10006
  • Market: New York
  • Tenant: Infosys Technologies
  • Landlord: Durst Organization
  • Rent/SF: $69
  • Square Feet: 13,175

Joseph Mangiacotti from CBRE represents the tenant, Infosys Technologies, while Alex Kantor, also from CBRE, acts as the broker in this transaction, facilitating the deal between the involved parties.

Players

Alex Kantor

CBRE

Broker

2 deals

Broker
Durst Organization
Durst OrganizationBrokerage
Durst Organization
Durst OrganizationLandlord

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

229898.55%

Cash-on-Cash

-65705.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93