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.
Wall 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