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400 W 14th St, New York, NY...

Gucci Leases 10000 SF Office Space At 400 W 14th St, New York
LEASEDOffice

Gucci Leases 10000 SF Office Space At 400 W 14th St, New York

400 W 14th St, New York, NY, 10014

Building Size

10,000 SF

Asset Type

Office

Closing

Apr 8, 2022

AI

The office located at 400 W 14th St, New York, NY, 10014, with a total square footage of 10,000, was leased in New York. The tenant, Gucci, secured this space in a transaction dated 04/08/2022. The landlord, Saab Associates, facilitated the lease agreement. The tenant's representative in this deal was Mike O’Neill from CBRE.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Gucci
  • Landlord: Saab Associates
  • Square Feet: 10,000
  • Tenant's Representative: Mike O’Neill (CBRE)

The agreement between Gucci and Saab Associates for the 10,000 square feet office space at 400 W 14th St, New York, NY, 10014, was successfully handled with the representation of Mike O’Neill from CBRE, emphasizing a significant lease deal in the New York market dated 04/08/2022.

Players

Mike O’Neill

CBRE

Broker

$160.8M

vol

25 deals

Broker
G
GucciTenant

New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93