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3 Columbus Circle

ID.me Leases 4,100 Square Feet Office Space At 3 Columbus Circle From Joseph Moinian
LEASEDOffice

ID.me Leases 4,100 Square Feet Office Space At 3 Columbus Circle From Joseph Moinian

3 Columbus Circle

Building Size

4,100 SF

Asset Type

Office

Closing

Jan 15, 2025

AI

The asset involved in this transaction is an office space located at 3 Columbus Circle in Midtown Manhattan. The total square footage of the office is 4,100, making it suitable for corporate use in a prominent market area.

Summary of transaction details:

Digital identity network ID.me has secured this office for its inaugural presence in New York City, indicating a strategic expansion into the metropolitan area. The involved brokers, representing both the landlord and tenant, contributed to successfully closing this leasing transaction.

Players

Gregg Rothkin

CBRE

Broker

15 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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