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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 86 Chambers St, New York, NY, 10007
- Market: New York
- Square Feet: 72,258
- Landlord's Representative: Marcy Owens Test - CBRE, Edward Prindiville - Berkshire Hathaway HomeServices
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
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