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99 Hudson Street

Olshan Properties Secures Campus.edu As Tenant For 9,300 SF Space At 99 Hudson St
LEASEDOffice

Olshan Properties Secures Campus.edu As Tenant For 9,300 SF Space At 99 Hudson St

99 Hudson Street

Building Size

9,300 SF

Asset Type

Office

Closing

Dec 21, 2023

AI

Olshan Properties has secured online college Campus.edu as a new tenant for a 9,300-square-foot office space located at 99 Hudson Street in Tribeca, Manhattan. The property is situated in the vibrant market of Tribeca and offers a prime location for Campus.edu to establish its presence.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Square Footage: 9,300 SF
  • Address: 99 Hudson Street, Tribeca, Manhattan
  • Market: Tribeca, Manhattan

Leading the deal on the landlord's side is Andrea Olshan, representing Olshan Properties. Campus.edu will be represented by Darell Handler and Kyle Galin from Handler Real Estate. The landlord's representatives include Claire Koeppel, David Falk, Eric Cagner, and Jonathan Franzel, who are from Newmark.

Note: Olshan Properties has successfully attracted Campus.edu to lease their 9,300-square-foot space at 99 Hudson Street in Tribeca.

Players

Darell Handler

Handler Real Estate Services

Broker

$28M

vol

12 deals

Broker
David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
Andrea Olshan

Andrea Olshan

Olshan Properties

Landlord

$178.4M

vol

7 deals

Landlord

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