Abacus Federal Savings Bank Leases 34,000 SF At 39 Ann St New York With Tenant's Rep David Kaplansky
39 Ann St, New York, NY, 10038
$39
$39/SF
Building Size
34,000 SF
Asset Type
Office
Closing
Jan 15, 2016
AI
The property asset involved in this lease transaction is located at 39 Ann St, New York, NY, 10038. This lease covers a total area of 34,000 square feet, with a rental rate of $39 per square foot, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 39 Ann St, New York, NY, 10038
- Market: New York
- Tenant: Not disclosed
- Landlord: Abacus Federal Savings Bank
- Tenant's Representative: David Kaplansky - Colliers International
- Landlord's Representatives: Catherine O’Toole, Gregory Gang - Lee & Associates
This transaction involved key representatives such as David Kaplansky from Colliers International, representing the tenant, and Catherine O’Toole along with Gregory Gang from Lee & Associates, representing the landlord, Abacus Federal Savings Bank.
Players
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
406743.59%
Cash-on-Cash
-116248.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93