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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 95 - 97 Horatio Street, New York, NY
- Square Feet: 15,784
- Tenant: Wix
- Landlord: TF Cornerstone
- Tenant's Representative: Michael Eisenberg-Keller Williams, Michael Berger-Colliers International, Michael Freedberg
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
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