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300 Vesey St, New York, NY,...

Fluent, Inc. Leases 42,000 SF Office Space In New York Financial District
LEASEDOffice

Fluent, Inc. Leases 42,000 SF Office Space In New York Financial District

300 Vesey St, New York, NY, 10282

Building Size

42,000 SF

Asset Type

Office

Closing

Dec 10, 2018

AI

The office property located at 300 Vesey Street in New York, NY, 10282, was involved in a lease transaction. The property, measuring 42,000 square feet, is situated in the Financial District of New York and was leased by Fluent, Inc. from the landlord Virtu Financial.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: Fluent, Inc.
  • Tenant's Representative: Todd Hershman from Newmark
  • Landlord: Virtu Financial
  • Address: 300 Vesey St, New York, NY, 10282
  • Market: New York

Fluent, Inc., a digital marketing company, recently subleased nearly 42,000 square feet of office space at 300 Vesey Street from Virtu Financial. The move comes after Fluent's spin-off from its parent company as part of its expansion plans in the Financial District.

Players

Todd Hershman

Newmark

Broker

$37.3M

vol

6 deals

Broker
VF
Virtu FinancialLandlord

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