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46 South St, New York, NY, ...

Alliant Insurance Leases 55938 SQFT Office Space At 46 South St, New York
LEASEDOffice

Alliant Insurance Leases 55938 SQFT Office Space At 46 South St, New York

46 South St, New York, NY, 10005

Building Size

55,938 SF

Asset Type

Office

Closing

Oct 29, 2018

AI

The office property located at 46 South St, New York, NY, 10005, with a square footage of 55,938 square feet, was recently leased in New York. The landlord, RXR Realty, secured a deal with Alliant Insurance Services as the tenant on October 29, 2018.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Market: New York
  • Landlord's Representative: William Elder
  • Tenant: Alliant Insurance Services
  • Square Feet: 55938

The lease agreement was facilitated by William Elder, who represented RXR Realty in the transaction. Alliant Insurance Services will now occupy the 55,938 square feet of office space at 46 South St, New York, NY, 10005, as per the recent lease deal.

Players

William Elder

RXR Realty

Broker

9 deals

Broker
RXR Realty
RXR RealtyLandlord

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