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

IBI Group Leases 8700 Square Feet At 44 Wall St New York From Swig Equities
LEASEDOffice

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

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:

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.

Players

Gregg Schenker

ABS Partners Real Estate

Broker

6 deals

Broker

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