Tishman Speyer Leases 800000 Square Feet At 509 W 34th St New York With Tenant's Rep Josh Kuriloff
509 W 34th St, New York, NY, 10001
Building Size
800,000 SF
Asset Type
Office
Closing
Apr 10, 2018
About this deal
AI
The property involved in this lease transaction is located at 509 W 34th St, New York, NY, 10001. The asset consists of a total area of 800,000 square feet situated in the New York market. The landlord for this property is Tishman Speyer.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not mentioned
- Square Feet: 800,000
- Address: 509 W 34th St, New York, NY, 10001
- Market: New York
- Landlord: Tishman Speyer
- Tenant's Representative: Josh Kuriloff (Cushman & Wakefield)
This lease transaction exclusively involves Tishman Speyer as the landlord and Josh Kuriloff from Cushman & Wakefield representing the tenant in the deal. No tenant details are specified in the provided context.
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