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44 Wall St, New York, NY, 1...

44 Wall St
LEASEDOffice

44 Wall St

44 Wall St, New York, NY, 10005

Building Size

3,300 SF

Asset Type

Office

Closing

Jun 23, 2022

AI

The property involved in this lease transaction is located at 44 Wall St, New York, NY, 10005. It is situated within the New York market and consists of multiple transactions totaling nearly 32,000 square feet in a boutique Downtown tower. The specific lease by T-REX covers 3,300 square feet on the 9th floor, as part of an expanded agreement.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 44 Wall St, New York, NY, 10005
  • Market: New York
  • Square Feet: 3,300
  • Tenant: T-REX
  • Tenant's Representatives: Ken Biberaj-Savills, Christopher Foerch-Savills
  • Landlord: George Comfort & Sons

In addition to T-REX, other tenants at 44 Wall Street include Joan Creative, which signed a 10-year lease for 17,000 square feet, and JobDiva relocating to 6,600 square feet. New tenants Robert Elliot Leslie Architecture and Parliamentarians for Global Action finalized leases for 2,700 and 2,300 square feet, respectively. Various brokers represented these companies in their respective transactions, with ownership represented in-house by Peter S. Duncan, Matt Coudert, and Alexander Bermingham of George Comfort & Sons.

Players

Christopher Foerch

Savills

Broker

9 deals

Broker
George Comfort & Sons
George Comfort & SonsLandlord

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