AlphaSense Signs 10-Year Lease For 50000 Square Feet At 441 Ninth Avenue Hudson Yards
441 Ninth Avenue
Building Size
50,000 SF
Asset Type
Office
Closing
Jun 3, 2025
AI
The property asset involved in the lease transaction is located at 441 Ninth Avenue in Hudson Yards. The office space encompasses 50,000 square feet, tailored to meet the specific needs of the tenant. The transaction represents a strategic relocation decision in a prominent market area known for its growth and development.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 10-year
- Address: 441 Ninth Avenue
- Market: Hudson Yards
- Landlord: Brett Munger - CommonWealth Partners
- Tenant: Jack Kokko - AlphaSense
- Brokers: Allyson Bowen & Erik Schmall - Savills
The individuals involved in the deal include Brett Munger, who represents CommonWealth Partners as the landlord, and Jack Kokko, who is relocating AlphaSense's New York City headquarters. The brokerage team from Savills, consisting of Allyson Bowen and Erik Schmall, facilitated the transaction, ensuring a smooth negotiation process for both parties.
Players
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