Department Of Small Business Services Leases 222137 Square Feet At One Liberty Plaza In New York
One Liberty Plaza, New York, NY, 10006
Building Size
222,137 SF
Asset Type
Office
Closing
Oct 10, 2017
AI
The property asset involved in this transaction is located at One Liberty Plaza, New York, NY, 10006. This lease transaction encompasses a total of 222,137 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: One Liberty Plaza, New York, NY, 10006
- Market: New York
- Square Feet: 222,137
- Tenant: Department of Small Business Services
- Tenant's Representatives: Chris Mongeluzo (Newmark Knight Frank), Howard Kesseler (Newmark)
- Landlord's Representative: Stephany Oliveros Hallstein (Compass)
This transaction highlights the involvement of key representatives in the lease deal. Chris Mongeluzo and Howard Kesseler from Newmark Knight Frank represent the tenant, while Stephany Oliveros Hallstein from Compass represents the landlord. Each party plays a pivotal role in facilitating the lease agreement for the Department of Small Business Services.
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