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40 Wall St, New York, NY 10...

Krentsel Guzman Herbert, LLP Leases 10,000 SF Office Space At 40 Wall Street, Financial District, Manhattan
LEASEDOffice

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

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker
Trump Organization
Trump OrganizationLandlord

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