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30 Hudson Yards

Susquehanna International Group Subleases 30 Hudson Yards Office Space
LEASEDOffice

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:

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

Brian Goldman

Newmark

Broker

5 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