facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

One Court Square, New York,...

New York City Department Of Health And Mental Hygiene Leases 60476 Square Feet From Citibank
LEASEDOffice

New York City Department Of Health And Mental Hygiene Leases 60476 Square Feet From Citibank

One Court Square, New York, NY, 11101

Building Size

60,476 SF

Asset Type

Office

Closing

Aug 11, 2016

AI

The property involved in this transaction is located at One Court Square, New York, NY, 11101. It spans a total of 60,476 square feet and is situated in the Long Island City market. The landlord of the property is Citibank, while the tenant is the New York City Department of Health and Mental Hygiene.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not Disclosed
  • Address: One Court Square, New York, NY, 11101
  • Market: Long Island City
  • Square Feet: 60,476
  • Tenant's Representative: Ellen Israel - JRT Realty Group
  • Landlord's Representative: John Reinertsen - CBRE

Ellen Israel represented the tenant, New York City Department of Health and Mental Hygiene, in the lease transaction. John Reinertsen represented the landlord, Citibank. The transaction was handled effectively with both representatives demonstrating their respective roles in the deal.

Players

Ellen Israel

JRT Realty Group

Broker

10 deals

Broker
HKS Real Estate Advisors
HKS Real Estate AdvisorsBrokerage
Citibank
CitibankLandlord

Long Island City Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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