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
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