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57 E 41st St, New York, NY,...

Bloomberg Leases 460000 Square Feet At 57 E 41st St New York From Global Holdings
LEASEDOffice

Bloomberg Leases 460000 Square Feet At 57 E 41st St New York From Global Holdings

57 E 41st St, New York, NY, 10017

Building Size

460,000 SF

Asset Type

Office

Closing

Nov 14, 2018

AI

The leased property is located at 57 E 41st St, New York, NY, 10017. This lease encompasses a total area of 460,000 square feet within the New York market. The tenant in this transaction is Bloomberg, while the landlord is Global Holdings.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 57 E 41st St, New York, NY, 10017
  • Market: New York
  • Square Feet: 460,000
  • Tenant: Bloomberg
  • Landlord: Global Holdings
  • Tenant's Representative: Craig Reicher, Howard Fiddle - CBRE
  • Landlord's Representative: Diana Biasotti - JLL

This transaction involved key representatives with Craig Reicher and Howard Fiddle from CBRE representing Bloomberg, while Diana Biasotti from JLL represented Global Holdings, ensuring a structured deal process for both parties involved.

Players

Howard Fiddle

CBRE

Broker

28 deals

Broker
Global Holdings
Global HoldingsLandlord

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