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:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 285 Fulton Street
- Market: New York City
- Square Feet: 13,715
- Rent/SF: $79
- Tenant: Specialist Staffing Group
- Landlord: Jody Durst - Durst Organization
- Tenant's Representatives: Scott Bogetti (Savills), William Demuth (Savills)
- Landlord's Representatives: Eric Engelhardt (The Durst Organization), Karen Rose, David Falk (Newmark), Peter Shimkin (Newmark), Hal D. Stein (Newmark), Jason Greenstein (Newmark), Nathan Kropp (Newmark)
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
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