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
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