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90 Church St, New York, NY,...

Cushman & Wakefield Represents Tenant In Lease With United States Postal Service For 461,000 SF
LEASEDOffice

Cushman & Wakefield Represents Tenant In Lease With United States Postal Service For 461,000 SF

90 Church St, New York, NY, 10007

Building Size

461,000 SF

Asset Type

Office

Closing

Jul 31, 2017

AI

This lease transaction involves a property located at 90 Church St, New York, NY, 10007. The total square footage of the property is 461,000 square feet, situated in the competitive New York market.

Summary of transaction details:

The representatives for the tenant, Christine Colley and Jared Thal from Cushman & Wakefield, played pivotal roles in facilitating this lease agreement with the United States Postal Service as the landlord.

Players

Robert Lowe

Cushman & Wakefield

Broker

22 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93