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3 World Trade Center, New Y...

Kelley, Drye And Warren Lease 103,000 SF Office Space At 3 World Trade Center
LEASEDOffice

Kelley, Drye And Warren Lease 103,000 SF Office Space At 3 World Trade Center

3 World Trade Center, New York, NY, 1...

Building Size

103,000 SF

Asset Type

Office

Closing

Sep 4, 2019

AI

The property asset involved in the transaction is an office space located at 3 World Trade Center, New York, NY, encompassing approximately 103,000 square feet. The transaction is situated in the New York market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Feet: 103,000
  • Address: 3 World Trade Center, New York, NY
  • Market: New York
  • Landlord: Silverstein Properties
  • Tenant: Kelley, Drye and Warren
  • Broker Representation: Patrick Heeg - JLL, Ryan McKinney - Transwestern

The deal was facilitated by brokers Patrick Heeg and Ryan McKinney, who represented the landlord Silverstein Properties and the tenant Kelley, Drye and Warren, respectively.

Players

Patrick Heeg

Transwestern

Broker

6 deals

Broker
Silverstein Properties
Silverstein PropertiesLandlord

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