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360 Bowery

Updated Dec 4, 2024

Hamdi Ulukaya Of Chobani Leases 121000 Square Foot Office At 360 Bowery In NoHo
LEASEDOffice

Hamdi Ulukaya Of Chobani Leases 121000 Square Foot Office At 360 Bowery In NoHo

360 Bowery

Building Size

121,000 SF

Asset Type

Office

Closing

Sep 27, 2024

About this deal

AI

The property asset involved in the transaction is an office building located at 360 Bowery in NoHo, encompassing a total area of 121,000 square feet. The building was developed by CBSK Ironstate and designed by Morris Adjmi Architects.

Summary of transaction details:

This lease transaction reflects the collaboration among distinct individuals and entities. The landlords, Charles Blaichman, Abe Shnay, and Scott Shnay from CBSK Ironstate, have successfully completed this deal with tenant Hamdi Ulukaya representing Chobani. The brokers facilitating the transaction were Carlee Palmer, Daniel Posy, David Kleiner, and Peter Michailidis from JLL.

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Players

Carlee Palmer

JLL

Broker

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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

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