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285 Fulton Street

Specialist Staffing Group Leases Office Space At 285 Fulton Street In New York City
LEASEDOffice

Specialist Staffing Group Leases Office Space At 285 Fulton Street In New York City

285 Fulton Street

$79

$79/SF

Building Size

13,715 SF

Asset Type

Office

Closing

Mar 17, 2025

AI

The property involved in this transaction is an office asset located at 285 Fulton Street in New York City. It has a total square footage of 13,715 square feet and the rent per square foot is set at $79.

Summary of transaction details:

This lease transaction features key individuals from major firms representing both parties. The tenant's representatives are Scott Bogetti and William Demuth from Savills, while the landlord's side includes Eric Engelhardt from The Durst Organization and several representatives from Newmark, namely David Falk, Peter Shimkin, Hal D. Stein, Jason Greenstein, and Nathan Kropp. Karen Rose is also listed as a representative for the landlord.

Players

Hal D. Stein

Newmark

Broker

12 deals

Broker
David Falk
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David Falk

Newmark

Broker

61 deals

Broker

Jody Durst

Durst Organization

Landlord

11 deals

Landlord

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

200797.47%

Cash-on-Cash

-57388.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93