Stone Ridge Asset Management Signs 15-Year Lease At One Vanderbilt In Grand Central
One Vanderbilt, Vanderbilt Avenue, New York, NY, USA
Building Size
100,000 SF
Asset Type
Office
Closing
Aug 1, 2020
About this deal
AI
Stone Ridge Asset Management has signed a 15-year lease for approximately 100,000 square feet of office space at One Vanderbilt, located in the Grand Central market. The property is owned by SL Green Realty. The asking rent for the space was around $245 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned in the CONTEXT
- Address: One Vanderbilt
- Market: Grand Central
- Tenant: Stone Ridge Asset Management
- Landlord: SL Green Realty
- Asking Rent: $245/ft. (approx.)
- Lease Term: 15 years
Stone Ridge Asset Management, a tenant in the deal, will occupy the office space at One Vanderbilt. The lease agreement was finalized in August 2021. No other additional information was provided in the CONTEXT.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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