IBI Group Leases 8700 Square Feet At 44 Wall St New York From Swig Equities
44 Wall St, New York, NY, 10005
Building Size
8,700 SF
Asset Type
Office
Closing
Oct 6, 2015
About this deal
AI
The property asset involved in this transaction is located at 44 Wall St, New York, NY, 10005. The lease encompasses a total area of 8,700 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 44 Wall St, New York, NY, 10005
- Square Feet: 8,700
- Tenant: IBI Group
- Landlord: Swig Equities
- Tenant's Representative: Matthew Fisher-Cushman & Wakefield
- Landlord's Representatives: Keith Lipstein-ABS Partners Real Estate, Jay Kreisberg-ABS Partners Real Estate, Joe D’Apice-ABS Partners Real Estate
- Brokers: Gregg Schenker-ABS Partners Real Estate
This lease transaction involved key representatives from both the tenant and landlord sides, highlighting the expertise of Matthew Fisher and Yarden Drimmer who represented the tenant IBI Group. The landlord, Swig Equities, was represented by a team from ABS Partners Real Estate, including Keith Lipstein, Jay Kreisberg, Joe D’Apice, and broker Gregg Schenker.
On the Map
Office
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New York Office Market Snapshot
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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