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

/

3 Bryant Park New York, New...

VTS Signs 6-Year Sublease For 34,325 SF Office Space At 3 Bryant Park In Manhattan
LEASEDOffice

VTS Signs 6-Year Sublease For 34,325 SF Office Space At 3 Bryant Park In Manhattan

3 Bryant Park New York, New York 10036, USA

Building Size

34,325 SF

Asset Type

Office

Closing

Jul 18, 2023

AI

A tenant, VTS, has signed a six-year sublease for a 34,325-square-foot office space at 3 Bryant Park in Manhattan. The deal was facilitated by brokers from Savills, Transwestern, JLL, and CBRE. Savills' Jim Wenk, Transwestern's Patrick Heeg, and JLL's Sam Seiler represented the tenant, while CBRE's Sacha Zarba, James Ackerson, and Alice Fair represented the sublandlord, Salesforce.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Square Footage: 34,325 SF
  • Address: 3 Bryant Park, Manhattan
  • Market: Manhattan

The lease agreement involves VTS, a tenant, leasing a 34,325-square-foot office space at 3 Bryant Park in Manhattan. Savills' Jim Wenk, Transwestern's Patrick Heeg, and JLL's Sam Seiler acted as the tenant's representatives in the deal. On the other hand, CBRE's Sacha Zarba, James Ackerson, and Alice Fair represented the sublandlord, Salesforce.

Players

Sam Seiler

CBRE

Broker

$270M

vol

6 deals

Broker
S
SalesforceLandlord

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