Tikehau Capital Leases Office Space At 9 West 57th Street For $240/SF
9 West 57th Street
$240
$240/SF
Building Size
23,033 SF
Asset Type
Office
Closing
Mar 6, 2024
AI
9 West 57th Street, located in Midtown Manhattan, is now home to Tikehau Capital, a $45 billion asset management giant. The 45th Floor of this iconic office building, with a total square footage of 23,033, will be occupied by Tikehau Capital on a 16-year lease term at an asking rent of $240 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 9 West 57th Street
- Market: Midtown Manhattan
- Tenant: Tikehau Capital
- Landlord: Stefan Soloviev - Soloviev Group
- Tenant's Rep: Roshan Shah - Avison Young
- Landlord's Rep: Howard Fiddle - CBRE
- Asking Rent: $240/ft
- Lease Term: 16 Years
Howard Fiddle from CBRE represented the Soloviev Group in this transaction. Tikehau Capital, making the move from its duplex penthouse in the Meatpacking District, was expertly guided by Roshan Shah of Avison Young who has a successful track record at 9 West 57th Street.
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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93