Digital Asset Leases 19000 Square Feet At 4 World Trade Center From Silverstein Properties
4 World Trade Center, New York, NY, 1...
Building Size
19,000 SF
Asset Type
Office
Closing
Oct 26, 2018
AI
The property involved in this transaction is located at 4 World Trade Center, New York, NY, occupying 19,000 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not applicable
- Tenant: Digital Asset
- Landlord: Silverstein Properties
- Landlord's Representatives: Adam Foster (CBRE), David Caperna (Brookfield), Evan Haskell (CBRE)
- Brokers: Ken Meyerson (CBRE), Mary Ann Tighe (CBRE), Gary Davies (CBRE), Jeffrey Fischer (CBRE), Jeremy Moss (Silverstein Properties)
This lease transaction features Digital Asset as the tenant, with Silverstein Properties serving as the landlord. The deal involves a collaboration with multiple representatives and brokers, highlighting the network of professionals participating in this agreement.
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