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32 Old Slip

RXR Realty Leases 32 Old Slip Office Space To Decoded Advertising At $57/SF
LEASEDOffice

RXR Realty Leases 32 Old Slip Office Space To Decoded Advertising At $57/SF

32 Old Slip

$57

$57/SF

Building Size

15,518 SF

Asset Type

Office

Closing

Oct 29, 2018

AI

The office asset located at 32 Old Slip in New York was successfully leased on 10/29/2018. The transaction involved Decoded Advertising as the tenant and RXR Realty as the landlord. The lease agreement was signed for 15518 square feet at a rate of $57 per square foot.

Summary of transaction details:

The deal was facilitated by a team of brokers, including Richard Johns from Cushman & Wakefield, Robert (Bob) Alexander from CBRE, Scott Brown from Newmark, and Richard Johnson from Odyssey Retail Advisors. The lease agreement was a testament to the collaborative efforts of these professionals representing the tenant and landlord in the transaction.

Players

Scott Brown

Newmark

Broker

10 deals

Broker
RXR Realty
RXR RealtyLandlord

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

278298.25%

Cash-on-Cash

-79538.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93