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55 Hudson Yards, New York, ...

Point72 Asset Management Leases 175,000 SF Office Space At 55 Hudson Yards, New York
LEASEDOffice

Point72 Asset Management Leases 175,000 SF Office Space At 55 Hudson Yards, New York

55 Hudson Yards, New York, NY, 10001

Building Size

175,000 SF

Asset Type

Office

Closing

Jun 27, 2016

AI

The office property located at 55 Hudson Yards, New York, NY, 10001 is a 175,000 square feet space. The lease for this office asset was finalized on June 27, 2016. Point72 Asset Management secured this space, with Neil Goldmacher from Newmark representing them. The landlord in this transaction was Related Companies.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Provided
  • Market: New York
  • Tenant: Point72 Asset Management
  • Tenant's Rep: Neil Goldmacher (Newmark)
  • Landlord: Related Companies

Neil Goldmacher from Newmark played a crucial role as the tenant's representative in securing the lease for Point72 Asset Management at 55 Hudson Yards. This deal highlights the involvement of key industry professionals and companies in the New York office market.

Players

Neil Goldmacher

Newmark

Broker

16 deals

Broker
PM
Point72 Asset ManagementTenant

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