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110 William St, New York, N...

GLSEN Leases 11400 Square Feet At 110 William St New York With Savanna And KBS Strategic Opportunity REIT
LEASEDRetail

GLSEN Leases 11400 Square Feet At 110 William St New York With Savanna And KBS Strategic Opportunity REIT

110 William St, New York, NY, 10038

Building Size

11,400 SF

Asset Type

Retail

Closing

Nov 10, 2015

AI

110 William St, located in New York, NY, is the site of a lease signed by GLSEN for a total of 11,400 square feet. The property lies within the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 110 William St, New York, NY, 10038
  • Market: New York
  • Tenant: GLSEN
  • Tenant's Representative: Edmund Solarsh, Jarod Stern - Savills Studley
  • Landlord: Savanna and KBS Strategic Opportunity REIT
  • Landlord's Representative: Hal Stein, Todd Stracci, Travis Wilson - Newmark Grubb Knight Frank
  • Square Feet: 11,400

In this transaction, Savills Studley’s representatives, Edmund Solarsh and Jarod Stern, facilitated the lease for GLSEN, an organization focused on education for the LGBTQ+ community. The ownership was represented by a team from Newmark Grubb Knight Frank, including Hal Stein, Todd Stracci, and Travis Wilson, on behalf of Savanna and KBS Strategic Opportunity REIT.

Players

Todd Stracci

JLL

Broker

5 deals

Broker
KR
KBS Strategic Opportunity REITLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · 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