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:
- 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…
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