LEASEDOffice
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
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.
Players
Trump OrganizationLandlord
JS
Jay SuitesTenant
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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