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40 Wall Street

DONG HUO Leases Office Space At 40 Wall Street In Financial District, Manhattan
LEASEDOffice

DONG HUO Leases Office Space At 40 Wall Street In Financial District, Manhattan

40 Wall Street

$55

$55/SF

Building Size

9,767 SF

Asset Type

Office

Closing

Aug 21, 2023

AI

The Trump Tower located at 40 Wall Street in the Financial District of Manhattan has successfully secured a lease for a premium office space. This grand office space spans 9,767 square feet and comes with an asking rent of $55 per square foot. With its iconic address and reputation, this property offers an exceptional opportunity for businesses looking for a prestigious office space in the heart of New York City.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 40 Wall Street, Financial District, Manhattan
  • Market: Financial District, Manhattan
  • Size: 9,767 square feet
  • Asking Rent: $55 per square foot
  • Tenant: Dong Huo
  • Tenant's Broker: Barbie Li & Si Zhang of B Square Realty
  • Landlord's Representative: Myles Fennon

Navigating the complex world of NYC real estate, the team at B Square Realty successfully secured this lease within a challenging 2-week timeframe, accommodating the tenant's stringent deadline. It was a rewarding experience for the tenant, who was relatively new to office rentals, as they received personalized guidance and support throughout the process. With their commitment to ensuring success for both landlords and tenants, B Square Realty once again demonstrated their expertise and dedication.

The Trump Tower's reputation as a premium office space speaks for itself, but it is B Square Realty's personalized guidance and efficient execution that made this deal truly exceptional. By valuing their clients and providing a seamless leasing experience, B Square Realty continues to establish themselves as a leader in the real estate industry.

For the latest updates in Flushing Real Estate, follow @Barbie_li_ny_broker. If you're interested in maximizing the potential of your commercial property, don't hesitate to reach out to Barbie Li at 347-628-8818. Discover tailored services designed to meet your specific needs and join the league of successful real estate players.

Players

Li Li

B Square Realty

Broker

$83.2M

vol

49 deals

Broker

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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93