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9 West 57th Street

Tikehau Capital Leases Office Space At 9 West 57th Street For $240/SF
LEASEDOffice

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

Howard Fiddle

CBRE

Broker

29 deals

Broker

New York Office Market Snapshot

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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