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412 W 15th St, New York, NY...

Project Worldwide Leases Office Space At 412 W 15th St, New York
LEASEDOffice

Project Worldwide Leases Office Space At 412 W 15th St, New York

412 W 15th St, New York, NY, 10011

Building Size

27,177 SF

Asset Type

Office

Closing

Oct 10, 2019

AI

The property involved in this transaction is an office asset located at 412 W 15th St, New York, NY, 10011. This lease transaction took place in the New York market, encompassing a total square footage of 27,177. The landlord of the property is Highgate Holdings.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 412 W 15th St, New York, NY, 10011
  • Market: New York
  • Square Feet: 27,177
  • Tenant: Project Worldwide
  • Landlord: Highgate Holdings
  • Tenant's Representative: Matthew Fisher, Yarden Drimmer-Cushman & Wakefield

This transaction involved the tenant Project Worldwide, represented by Matthew Fisher and Yarden Drimmer from Cushman & Wakefield. The landlord, Highgate Holdings, was the other key party in this lease agreement, facilitating a significant deal within the New York office market.

Players

Matthew Fisher

Broker

3 deals

Broker
HH
Highgate HoldingsLandlord

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