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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 32 Old Slip, New York
- Tenant: Decoded Advertising
- Landlord: RXR Realty
- Brokers:
- Richard Johns - Cushman & Wakefield
- Robert (Bob) Alexander - CBRE
- Scott Brown - Newmark
- Richard Johnson - Odyssey Retail Advisors
- Robert (Bob) Alexander - CBRE
- Rent/SF: $57
- Square Feet: 15518
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Scott Brown to view all their deals.
Browse New York office leases on Traded.
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