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5 Hanover Square, New York,...

National Securities Corporation Leases 11101 Square Feet At 5 Hanover Square New York
LEASEDOffice

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

Robert Wizenberg

JLL

Broker

13 deals

Broker
CIM Group
CIM GroupLandlord

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