National Securities Corporation Leases 11101 Square Feet At 5 Hanover Square New York
5 Hanover Square, New York, NY, 10004
Building Size
11,101 SF
Asset Type
Office
Closing
Jul 22, 2019
AI
The property involved in this lease transaction is located at 5 Hanover Square, New York, NY, 10004. The leasing opportunity encompasses a total area of 11,101 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 5 Hanover Square, New York, NY, 10004
- Market: New York
- Landlord: CIM Group
- Tenant: National Securities Corporation
- Landlord's Representative: Adam Leshowitz (CBRE)
This lease transaction features CIM Group as the landlord and National Securities Corporation as the tenant. Adam Leshowitz from CBRE represents the landlord in this agreement.
Players
New York 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