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55 Water St, New York, NY, ...

Liberty Mutual Leases 130K SF Office Space At 55 Water St, New York
LEASEDOffice

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

Michael McKenna

Cresa

Broker

4 deals

Broker
LM
Liberty MutualLandlord

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