55 Water St
55 Water St, New York, NY, 10041
Building Size
900,027 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 55 Water St, New York, NY 10041. It covers an area of 900,027 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Borrower's Representative: Adam Schwartz - Walker & Dunlop
- Landlord: New Water Street Corp.
- Brokerage Team: Ken Meyerson, Cara Chayet, Aaron Appel - Walker & Dunlop
This transaction involves key representatives from Walker & Dunlop who facilitated the deal on behalf of the borrower, while New Water Street Corp. acts as the landlord for the leased property.
On the Map
Office
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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