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
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