Liberty Mutual Leases 130K SF Office Space At 55 Water St, New York
55 Water St, New York, NY, 10041
Building Size
130,449 SF
Asset Type
Office
Closing
Jul 2, 2019
AI
Located at 55 Water St, New York, NY, 10041, the office property involved in the transaction spans 130,449 square feet. This asset was leased on 07/02/2019 in the New York market. The landlord, Liberty Mutual, was represented by Michael McKenna and Robert Sattler from Cresa.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 55 Water St, New York, NY, 10041
- Market: New York
- Landlord: Liberty Mutual
- Square Feet: 130,449
- Landlord's Representatives: Michael McKenna (Cresa), Robert Sattler (Cresa)
The deal's key individuals included Michael McKenna and Robert Sattler, representing Liberty Mutual in the lease transaction. Their expertise and negotiation skills were vital in finalizing the agreement for the office space on Water St in New York.
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