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One Battery Park Plaza, New...

Nationwide Mutual Insurance Co Leases Office Space At One Battery Park Plaza In New York
LEASEDOffice

Nationwide Mutual Insurance Co Leases Office Space At One Battery Park Plaza In New York

One Battery Park Plaza, New York, NY...

Building Size

28,307 SF

Asset Type

Office

Closing

May 31, 2022

AI

The asset involved in this transaction is an office space located at One Battery Park Plaza, New York, NY. The total square footage of the property is 28,307 square feet, situated in the New York market. The landlord of the property is Liberty Mutual Insurance.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: One Battery Park Plaza, New York, NY
  • Market: New York
  • Tenant: Nationwide Mutual Insurance Co
  • Landlord: Liberty Mutual Insurance
  • Tenant's Representative: Paul Myers
  • Landlord's Representative: Michael McKenna - Cresa
  • Square Feet: 28,307

This transaction involves key representatives from both the tenant and landlord sides. Paul Myers represents Nationwide Mutual Insurance Co, while Michael McKenna from Cresa represents Liberty Mutual Insurance in this leasing deal.

Players

Paul Myers

Newmark

Broker

3 deals

Broker
NC
Nationwide Mutual Insurance CoTenant

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