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75 Varick St, New York, NY ...

Oscar Health Leases 80,000 SF At 75 Varick St In NYC With Landlord Trinity Real Estate
LEASEDOther

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

David Falk
Verified Badge

David Falk

Newmark

Broker

62 deals

Broker
TE
Trinity Real EstateLandlord

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