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
About this deal
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