facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

44 Wall Street New York, Ne...

Cities For Financial Empowerment Fund Signs 10-Year Lease For 12,000 SF Office At 44 Wall St, Manhattan
LEASEDOffice

Cities For Financial Empowerment Fund Signs 10-Year Lease For 12,000 SF Office At 44 Wall St, Manhattan

44 Wall Street New York, New York 10005, Usa

Building Size

12,000 SF

Asset Type

Office

Closing

Aug 17, 2023

AI

The Cities for Financial Empowerment Fund, a nonprofit organization, has recently relocated and expanded within 44 Wall St. in Manhattan. This organization has signed a 10-year lease for a 12,000-square-foot office space in the building.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Provided
  • Address: 44 Wall St
  • Market: Manhattan

The landlord for this transaction is George Comfort & Sons and Gaedeke Group, represented by Peter Duncan, Matt Coudert, and Alexander Bermingham. The broker representing the tenant is Darell Handler from the Handler Real Estate Organization.

Players

Darell Handler

Handler Real Estate Services

Broker

$28M

vol

12 deals

Broker

Wall Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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