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95 - 97 Horatio Street, New...

Wix Leases Office Space At 95-97 Horatio Street, New York For TF Cornerstone
LEASEDOffice

Wix Leases Office Space At 95-97 Horatio Street, New York For TF Cornerstone

95 - 97 Horatio Street, New York, NY...

Building Size

15,784 SF

Asset Type

Office

Closing

Dec 31, 2019

AI

The property involved in this lease transaction is located at 95 - 97 Horatio Street, New York, NY. This asset is classified as an office space with a total area of 15,784 square feet. The property is situated in the New York market.

Summary of transaction details:

The deal showcases the roles of key representatives in the transaction, with Michael Eisenberg representing the tenant Wix, alongside Michael Berger and Michael Freedberg. The landlord in this transaction is TF Cornerstone, indicating the stakeholders involved in the negotiated lease agreement.

Players

Michael Freedberg

Broker

$9.4M

vol

8 deals

Broker
TF Cornerstone
TF CornerstoneLender
TF Cornerstone
TF CornerstoneLandlord

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