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7 World Trade Center, New Y...

Skidmore Owings & Merrill Leases 80000 Square Feet At 7 World Trade Center In New York
LEASEDOffice

Skidmore Owings & Merrill Leases 80000 Square Feet At 7 World Trade Center In New York

7 World Trade Center, New York, NY, 1...

Building Size

80,000 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The lease transaction involved 80,000 square feet of space at 7 World Trade Center, located in New York, NY. This property is part of the New York market and is owned by Silverstein Properties.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 7 World Trade Center, New York, NY
  • Square Feet: 80,000
  • Tenant: Skidmore Owings & Merrill
  • Landlord: Silverstein Properties
  • Tenant's Representatives: Matthew Barlow - Savills Studley, David Goldstein - Savills

This transaction highlights the involvement of Matthew Barlow and David Goldstein representing the tenant, Skidmore Owings & Merrill, in the leasing process. Silverstein Properties acts as the landlord in this agreement.

Players

David Goldstein

Savills

Broker

8 deals

Broker
Silverstein Properties
Silverstein PropertiesLandlord

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