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
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