facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

285 Fulton Street, New York...

Aaptiv Signs Lease With Port Authority Of New York For 16962 SF At 285 Fulton Street
LEASEDOffice

Aaptiv Signs Lease With Port Authority Of New York For 16962 SF At 285 Fulton Street

285 Fulton Street, New York, NY, 10007

$73

$73/SF

Building Size

16,962 SF

Asset Type

Office

Closing

Mar 28, 2018

AI

The lease transaction involves a property located at 285 Fulton Street, New York, NY, 10007. This property is situated in the New York market and consists of a total area of 16,962 square feet, with a rental rate of $73 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 285 Fulton Street, New York, NY, 10007
  • Market: New York
  • Square Feet: 16,962
  • Rent/SF: $73
  • Tenant: Aaptiv
  • Landlord: Port Authority of New York
  • Brokers: Jason Schwartzenberg - Savills

The deal involved Aaptiv as the tenant and the Port Authority of New York as the landlord. The transaction was facilitated by Jason Schwartzenberg from Savills, representing the interests of the parties involved in this lease agreement.

Players

Jason Schwartzenberg

Savills

Broker

$1.3M

vol

3 deals

Broker
Boston Properties
Boston PropertiesBrokerage

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

217301.37%

Cash-on-Cash

-62105.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93