Related Companies Leases Office Space At 50 Hudson Yards To Vista Equity Partners
50 Hudson Yards, New York City, New York 10001, United States
Building Size
95,000 SF
Asset Type
Office
Closing
Aug 15, 2022
About this deal
AI
Jeff T. Blau and Robert F. Smith have recently completed a lease transaction for an office space located at 50 Hudson Yards in the Hudson Yards market.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 08/16/2022
- Address: 50 Hudson Yards
- Market: Hudson Yards
The landlord, Jeff T. Blau, represents Related Companies, while Robert F. Smith represents Vista Equity Partners as the tenant in this lease deal. The leasing terms were negotiated for a rent range of $175-240 per square foot, with the total square footage of the office space being approximately 95,000 square feet.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse New York office leases on Traded.
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