Olo Leases 36099 Square Feet At 285 Fulton Street New York From Durst Organization
285 Fulton Street, New York, NY, 10007
Building Size
36,099 SF
Asset Type
Office
Closing
Jun 18, 2019
About this deal
AI
The lease involves a property located at 285 Fulton Street, New York, NY, 10007, within the New York market. The property encompasses a total area of 36,099 square feet. The landlord involved in this transaction is Durst Organization.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 285 Fulton Street, New York, NY, 10007
- Market: New York
- Square Feet: 36,099
- Landlord: Durst Organization
- Tenant: Olo
- Landlord's Representative: Stephany Oliveros Hallstein - Compass
- Brokers: Karen Kuznick - Durst Organization, Brian Lee - Newmark Knight Frank, Eric Engelhardt - Durst Organization
This transaction includes key participants, with Olo acting as the tenant leasing the specified commercial space. The transaction is represented by Stephany Oliveros Hallstein of Compass on behalf of the landlord, with additional brokerage involvement from Karen Kuznick, Brian Lee, and Eric Engelhardt, highlighting a collaborative effort among the brokers in the leasing process.
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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