facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

88 University Pl, New York,...

The Agency Leases 8551 SF Office Space At 88 University Pl, New York
LEASEDOffice

The Agency Leases 8551 SF Office Space At 88 University Pl, New York

88 University Pl, New York, NY, 10003

Building Size

8,551 SF

Asset Type

Office

Closing

Jan 6, 2023

AI

The leased property located at 88 University Pl, New York, NY, 10003, in the bustling market of New York City, is an office space spanning 8,551 square feet. The deal was finalized on January 6, 2023, with The Agency securing this office space. The tenant's representative, Scott Bogetti of Savills Studley, facilitated the transaction with the landlord, Arch Companies.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: The Agency
  • Tenant's Rep: Scott Bogetti (Savills Studley)
  • Landlord: Arch Companies
  • Square Feet: 8,551

The collaboration between The Agency and their representative Scott Bogetti of Savills Studley, in securing this substantial office space from Arch Companies, showcases a successful lease negotiation benefiting both parties involved in the transaction.

Players

Scott Bogetti

Savills

Broker

10 deals

Broker
AC
Arch CompaniesLandlord

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