OTC Markets Group Leases 33000 Square Feet From Virtu Financial At 300 Vesey St New York
300 Vesey St, New York, NY, 10282
Building Size
33,000 SF
Asset Type
Office
Closing
Mar 26, 2019
AI
The property asset is located at 300 Vesey St, New York, NY, 10282, within the New York market. It encompasses a total square footage of 33,000. The landlord for this lease transaction is Virtu Financial.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 300 Vesey St, New York, NY, 10282
- Market: New York
- Square Feet: 33,000
- Tenant: OTC Markets Group
- Landlord: Virtu Financial
- Brokers: Daniel Horowitz - Savills
The key individuals involved in the deal include Daniel Horowitz representing Savills, acting as the broker for the landlord and tenant. This transaction reflects the collaborative effort between OTC Markets Group as the tenant and Virtu Financial as the landlord under the oversight of the brokerage services provided.
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