Susquehanna International Group Subleases 30 Hudson Yards Office Space
30 Hudson Yards
Building Size
73,735 SF
Asset Type
Office
Closing
May 29, 2024
AI
Located at 30 Hudson Yards in Midtown Manhattan, the office space spanning 73,735 square feet was leased by Susquehanna International Group from Warner Bros. Discovery. The property is owned by Stephen Winter, Elliot Karp, and Allianz.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 30 Hudson Yards
- Market: Midtown Manhattan
- Landlord: Stephen Winter & Elliot Karp - Related Companies & Allianz
- Tenant: Jeffrey S. Yass - Susquehanna International Group
- Landlord's Rep: Robert Alexander - CBRE
- Tenant's Rep: Matthew Lorberbaum, Brian Goldman & Ross Perlman - Newmark
- Lease Type: Sublease
Robert Alexander of CBRE represented the landlord, while the tenant, Susquehanna International Group, was represented by Matthew Lorberbaum, Brian Goldman, and Ross Perlman of Newmark. The lease agreement allows Susquehanna to sublease the 73,735 square feet of office space until Warner Bros. Discovery.
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