American Stock Transfer & Trust Company Leases 17090 Square Feet At 48 Wall St New York
48 Wall St, New York, NY, 10005
Building Size
17,090 SF
Asset Type
Office
Closing
Jun 16, 2021
AI
The lease transaction involves a property located at 48 Wall St, New York, NY, 10005. The space leased measures 17,090 square feet, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 48 Wall St, New York, NY, 10005
- Market: New York
- Tenant: American Stock Transfer & Trust Company
- Landlord: 48 Wall, LLC
- Tenant's Representatives: David Sherman - Compass, Frank Cento - Cushman & Wakefield
This transaction highlights the role of the tenant's representatives, David Sherman from Compass and Frank Cento from Cushman & Wakefield, who facilitated the lease for the American Stock Transfer & Trust Company, interacting directly with the landlord, 48 Wall, LLC.
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