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One Vanderbilt, Vanderbilt ...

Updated Nov 28, 2024

Stone Ridge Asset Management Signs 15-Year Lease At One Vanderbilt In Grand Central
LEASEDOffice

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

SL Green
SL GreenLandlord

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

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