Krentsel Guzman Herbert, LLP Leases 10,000 SF Office Space At 40 Wall Street, Financial District, Manhattan
40 Wall St, New York, NY 10005, USA
$52
$52/SF
Building Size
10,000 SF
Asset Type
Office
Closing
Aug 21, 2023
AI
The Trump Organization has leased an office space located at 40 Wall Street in the Financial District of Manhattan. The property is an office asset with a total square footage of 10,000 square feet. The lease term is set for 12 years, and the asking rent is $52 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 40 Wall Street, Financial District, Manhattan
- Tenant: Krentsel Guzman Herbert, LLP
- Landlord: The Trump Organization
- Tenant's Representative: Daniel Lolai, Wayne Siegel, Eric Siegel, and Brian Siegel from LSL Advisors
- Landlord's Representative: Eric Trump from The Trump Organization
Krentsel Guzman Herbert, LLP has signed the lease agreement with The Trump Organization for the office space at 40 Wall Street. The Trump Organization's representative in the deal is Eric Trump. On the other side, Krentsel Guzman Herbert, LLP is represented by Daniel Lolai, Wayne Siegel, Eric Siegel, and Brian Siegel from LSL Advisors.
Players
Market 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
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93