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
About this deal
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.
On the Map
Office
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Players
New York Office Market Snapshot
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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