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:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 90 Church St, New York, NY, 10007
- Market: New York
- Square Feet: 461000
- Landlord: United States Postal Service
- Tenant's Representatives: Christine Colley, Cushman & Wakefield; Jared Thal, Cushman & Wakefield
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
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