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4 World Trade Center, New Y...

SNY Leases 83000 Square Feet At 4 World Trade Center Represented By CBRE In New York
LEASEDOffice

SNY Leases 83000 Square Feet At 4 World Trade Center Represented By CBRE In New York

4 World Trade Center, New York, NY, 1...

Building Size

83,000 SF

Asset Type

Office

Closing

Nov 10, 2015

AI

4 World Trade Center is located in New York, NY, and recently, SNY signed an 83,000 square foot lease at this property. The transaction took place in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 4 World Trade Center, New York, NY
  • Square Feet: 83,000
  • Tenant: SNY
  • Landlord: Silverstein Properties
  • Tenant's Representatives: Christopher Corrinet-CBRE, Dan Knopf-CBRE, Daniel Wilpon-CBRE
  • Landlord's Representatives: Jeremy Moss (in-house), CBRE team members Steve Siegel, Mary Ann Tighe, Adam Foster, Steve Eynon, Evan Haskell, and David Caperna.

This lease transaction saw SNY represented by a CBRE team including Scott Gottlieb, Ken Meyerson, Chris Corrinet, Dan Wilpon, Dan Knopf, and Zach Weil. The landlord, Silverstein Properties, was similarly assisted by their in-house representative Jeremy Moss and extensive support from the CBRE team.

Players

Zach Weil

Newmark

Broker

8 deals

Broker
Silverstein Properties
Silverstein PropertiesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93