Oscar Health Leases 80,000 SF At 75 Varick St In NYC With Landlord Trinity Real Estate
75 Varick St, New York, NY 10013, USA
Building Size
80,000 SF
Asset Type
Other
Closing
Jul 17, 2019
AI
Josuha Kushner, David Falk, Jason Greenstein, and Peter Shimkin are the key individuals involved in the closed property transaction at 75 Varick St. The property, with a total area of 80,000 square feet, was leased to Oscar Health. The landlord, Trinity Real Estate, was represented by Newmark Knight Frank, with Jason Greenstein and Peter Shimkin acting as the landlord's representatives. The tenant, Oscar Health, was represented by David Falk from Newmark Knight Frank.
Summary of transaction details
- Property Type: Not mentioned in the CONTEXT
- Transaction Amount: Not mentioned in the CONTEXT
- Asking Rent: $80
- Square Footage: 80,000
- Term: 10-year
- Tenant: Oscar Health
- Landlord: Trinity Real Estate
- Tenant's Representative: Newmark Knight Frank - David Falk
- Landlord's Representative: Newmark Knight Frank - Jason Greenstein, Peter Shimkin
Players
New York Other Market Snapshot
Boundary boundary · Other · 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