LEASEDOffice
Jaros, Baum & Bolles Signs Lease For 67,963 Square Feet At 55 Water Street In Financial District
55 Water Street
Building Size
67,963 SF
Asset Type
Office
Closing
Jun 2, 2025
About this deal
AI
55 Water Street is a 53-story office tower located in Manhattan's Financial District, encompassing a total of 67,963 square feet. The building is owned by Retirement Systems of Alabama.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 55 Water Street
- Market: Financial District
- Landlord: Retirement Systems of Alabama
- Tenant: Jaros, Baum & Bolles
- Lease Date: 06/02/2025
Jaros, Baum & Bolles has entered into a lease agreement with Retirement Systems of Alabama for the office space at 55 Water Street, marking a significant addition to their operational footprint in the Financial District.
Players
RA
Retirement Systems of AlabamaLandlord
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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