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549 West 180th Street

West Side Campaign Against Hunger (WSCAH) Leases Office Space In Washington Heights
LEASEDOffice

West Side Campaign Against Hunger (WSCAH) Leases Office Space In Washington Heights

549 West 180th Street

Building Size

15,000 SF

Asset Type

Office

Closing

Jan 22, 2024

AI

The West Side Campaign Against Hunger (WSCAH), a non-profit organization dedicated to combating hunger in New York, has secured a 20-year lease for an office space located at 549 West 180th Street in Washington Heights, Manhattan. The property spans approximately 15,000 square feet. The lease was facilitated by OPEN Impact Real Estate, a brokerage firm specializing in impact-driven real estate transactions.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 549 West 180th Street, Washington Heights, Manhattan
  • Market: Washington Heights, Manhattan
  • Tenant: Gregory Silverman - West Side Campaign Against Hunger (WSCAH)
  • Tenant's Representative: Jake Cinti, Lindsay Ornstein & Stephen Powers - OPEN Impact Real Estate
  • Landlord: Colliers
  • Landlord's Representative: Dina Coulianidis - Colliers International
  • Lease Term: 20 years

OPEN Impact Real Estate played a crucial role in securing the 20-year lease agreement for the West Side Campaign Against Hunger (WSCAH) at 549 West 180th Street. This lease will enable WSCAH to continue its important work in combating hunger in New York for the foreseeable future.

Players

Stephen Powers

OPEN Impact Real Estate

Broker

$55.8M

vol

14 deals

Broker
Colliers
ColliersLandlord

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