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
About this deal
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.
On the Map
$73
$73/SF
Office
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Players
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Boundary boundary · Office · Lease transactions
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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