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40 Exchange Place

A360 Media Leases 15,000 SF Office Space At 40 Exchange Place In Manhattan's Financial District
LEASEDOffice

A360 Media Leases 15,000 SF Office Space At 40 Exchange Place In Manhattan's Financial District

40 Exchange Place

$45

$45/SF

Building Size

15,000 SF

Asset Type

Office

Closing

Apr 11, 2023

AI

GFP Real Estate, LLC has recently secured new lease signings at 40 Exchange Place in Manhattan's Financial District. The total leased area amounts to over 20,000 square feet, with one notable tenant being a360 Media. They have leased a 15,000 square foot space in the building, which will serve as their new general and executive offices.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 04/12/2023
  • Address: 40 Exchange Place, Manhattan
  • Market: Manhattan's Financial District
  • Landlord: GFP Real Estate, LLC - Allen Gurevich
  • Tenant: a360 Media
  • Tenant's Representative: James Emden - Helmsley Spear
  • Asking Rent: $45/ft.
  • Leased Area: 15,000 square feet

This lease agreement at 40 Exchange Place represents a significant move for a360 Media. The company, with representation by James Emden of Helmsley Spear, will now have a dedicated space to house its general and executive offices within the Financial District of Manhattan.

Players

James Emden

Helmsley Spear

Broker

1 deal

Broker
GFP Real Estate
GFP Real EstateLandlord

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93