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
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