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
About this deal
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.
On the Map
Office
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Players
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