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86 Chambers St, New York, N...

Nuveen Real Estate Leases 72258 Square Feet At 86 Chambers St New York With CBRE And Berkshire Hathaway
LEASEDOffice

Nuveen Real Estate Leases 72258 Square Feet At 86 Chambers St New York With CBRE And Berkshire Hathaway

86 Chambers St, New York, NY, 10007

Building Size

72,258 SF

Asset Type

Office

Closing

Oct 26, 2021

AI

The property asset involved in the transaction is located at 86 Chambers St, New York, NY, 10007, within the New York market. The total square footage of the lease is 72,258 square feet. The landlord for this property is Nuveen Real Estate.

Summary of transaction details:

The deal involves representatives from CBRE and Berkshire Hathaway HomeServices, indicating collaboration between multiple brokerage firms in facilitating the lease transaction. The landlord's representatives played a crucial role in the negotiations and finalization of the lease agreement.

Players

Edward Prindiville

Berkshire Hathaway HomeServices

Broker

$7.1M

vol

2 deals

Broker
Nuveen
NuveenLender
Nuveen
NuveenLandlord

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