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4 World Trade Center

StubHub Leases 103000 SF Office Space At 4 World Trade Center Lower Manhattan With Savills As Tenant's Rep
LEASEDOffice

StubHub Leases 103000 SF Office Space At 4 World Trade Center Lower Manhattan With Savills As Tenant's Rep

4 World Trade Center

$80

$80/SF

Building Size

103,000 SF

Asset Type

Office

Closing

Aug 1, 2024

AI

The asset involved in this transaction is an office property located at 4 World Trade Center, 150 Greenwich St., in the Lower Manhattan market. The lease agreement, under the Full Service Gross type, encompasses an area of 103,000 square feet with an asking rent of $80 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $80/ft
  • Square Footage: 103,000
  • Address: 4 World Trade Center - 150 Greenwich St.
  • Market: Lower Manhattan
  • Landlord: Silverstein Properties
  • Tenant: StubHub
  • Tenant's Representative: Scott Bogetti, Michael Bertini & Kirill Azovtsev - Savills

The transaction involves key representatives including Scott Bogetti, Michael Bertini, and Kirill Azovtsev, who are affiliated with Savills and represent the tenant, StubHub, in this leasing agreement with Silverstein Properties.

Players

Kirill Azovtsev

Savills

Broker

$10.3M

vol

28 deals

Broker

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93