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77 Water St, New York, NY, ...

Caissa Leases 6847 Square Feet At 77 Water St New York Represented By Gary Rosenberg And Adam Leshowitz
LEASEDOffice

Caissa Leases 6847 Square Feet At 77 Water St New York Represented By Gary Rosenberg And Adam Leshowitz

77 Water St, New York, NY, 10005

Building Size

6,847 SF

Asset Type

Office

Closing

Sep 5, 2019

AI

The property involved in this transaction is located at 77 Water St, New York, NY, 10005, within the New York market. The total square footage of the lease is 6,847 square feet. The landlord for this deal is William Kaufman Organization.

Summary of transaction details:

This transaction involved multiple representatives for both the tenant and the landlord, with Gary Rosenberg, Gary M. Rosen, and Howard Tenenbaum representing the tenant, Caissa, while Adam Leshowitz and Jonathan Cope represented the landlord, William Kaufman Organization, through CBRE.

Players

Jonathan Cope

CBRE

Broker

$116.1M

vol

15 deals

Broker

William Kaufman

Organi

Landlord

$372M

vol

22 deals

Landlord

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