facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

285 Fulton Street, New York...

Olo Leases 36099 Square Feet At 285 Fulton Street New York From Durst Organization
LEASEDOffice

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

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.

Players

Stephany Oliveros Hallstein

Compass

Broker

$945K

vol

7 deals

Broker
Durst Organization
Durst OrganizationLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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