Jay Suites Leases Office Space At 40 Wall St. In New York With Landlord Trump Organization
40 Wall Street
$45
$45/SF
Building Size
50,000 SF
Asset Type
Office
Closing
Jul 1, 2022
About this deal
AI
The Trump Organization has leased their office property located at 40 Wall St. in New York to Jay Suites. The property spans 50,000 square feet and the asking rent was set at $45 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 40 Wall St., New York
- Market: New York
The lease deal was facilitated by Sean Black of BLACKre and Myles Fennon representing the Trump Organization as the landlord's brokers.
The office lease at 40 Wall Street in New York, New York leased for $45 in 2022. The building is 50,000 square feet, implying about 45 per square foot on the published price. Named participants on the 40 Wall Street lease are Myles Fennon, Sean Black. This page is the New York, New York file for the 40 Wall Street office leased: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else leased near 40 Wall Street around 2022. Published consideration for 40 Wall Street is $45, dated 2022. Cite this Jay Suites Leases Office Space At 40 Wall St. In New York With Landlord Trump Organization lease when underwriting similar office product around New York, New York.
Players
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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