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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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