SL Green Leases 58017 Square Feet At 555 W 57th St To Tenant Represented By Cushman & Wakefield
555 W 57th St, New York, NY, 10019
Building Size
58,017 SF
Asset Type
Office
Closing
Jan 27, 2023
AI
The property involved in the transaction is located at 555 W 57th St, New York, NY, 10019. It comprises a total of 58,017 square feet. The market for this property is New York.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 555 W 57th St, New York, NY, 10019
- Square Feet: 58,017
- Tenant's Representative: Josh Kuriloff, Andrew Braver - Cushman & Wakefield
- Landlord: SL Green
The key representatives involved in the deal include Josh Kuriloff and Andrew Braver from Cushman & Wakefield, who represented the tenant in the transaction. The landlord of the property is SL Green, who facilitated the leasing process.
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