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
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