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
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