D1 Capital Partners Leases 32300 Square Feet From Solow Realty At 9 W 57th St New York
9 W 57th St, New York, NY, 10019
Building Size
32,300 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 9 W 57th St, New York, NY, 10019. It encompasses a total of 32,300 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 9 W 57th St, New York, NY, 10019
- Square Feet: 32,300
- Tenant: D1 Capital Partners
- Landlord: Solow Realty and Development
- Tenant's Representative: Lance Korman, Brian Waterman - Newmark
In this transaction, D1 Capital Partners is represented by Lance Korman and Brian Waterman from Newmark, while Solow Realty and Development acts as the landlord. The transaction reflects a significant leasing agreement between the involved parties.
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