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
About this deal
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