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
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