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55 Broad St, New York, NY 1...

Uncommon Schools Signs Lease For Office Space At 55 Broad Street In FiDi
LEASEDOffice

Uncommon Schools Signs Lease For Office Space At 55 Broad Street In FiDi

55 Broad St, New York, NY 10004, USA

Building Size

418,840 SF

Asset Type

Office

Closing

Jan 8, 2020

AI

Located at 55 Broad Street in the Financial District (FiDi), a 41,884 square foot office space has been leased in a closed transaction. The property was leased to Uncommon Schools by the landlord, Rudin Management. The asking rent for the space was $48 per square foot.

Summary of transaction details

In this deal, Uncommon Schools leased the office space from Rudin Management. The tenant was represented by Eric Siegel, Wayne Siegel, and Daniel Lolai from LSL Advisors, along with Brian Siegel from TLG. Kevin Daly from Rudin represented the landlord.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

93 deals

Broker
Rudin Management Company
Rudin Management CompanyBrokerage
Rudin Management Company
Rudin Management CompanyLandlord

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