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
About this deal
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.
On the Map
Retail
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Players
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