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

55 Water St
LEASEDOffice

55 Water St

55 Water St, New York, NY, 10041

Building Size

900,027 SF

Asset Type

Office

Closing

Nov 19, 2023

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:

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.

Players

Aaron Appel

Walker & Dunlop

Broker

$32.5B

vol

195 deals

Broker
NC
New Water Street Corp.Landlord

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