Better.com Leases 44000 Square Feet At 3 World Trade Center Represented By Daniel Turkewitz Of JLL
3 World Trade Center, New York, NY, 1...
Building Size
44,000 SF
Asset Type
Office
Closing
Mar 15, 2019
AI
The property asset involved in this transaction is located at 3 World Trade Center, New York, NY. The total square footage of this premises is 44,000, situated in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 3 World Trade Center, New York, NY
- Square Feet: 44,000
- Tenant: Better.com
- Landlord: Silverstein Properties
- Tenant's Representative: Daniel Turkewitz (JLL)
This transaction involves Better.com as the tenant, leasing from Silverstein Properties. Daniel Turkewitz from JLL represented Better.com in this deal, facilitating negotiations and agreements between the involved parties.
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