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32 Old Slip, New York, NY, ...

Alliant Insurance Services Leases 55938 SF At 32 Old Slip New York From RXR Realty
LEASEDRetail

Alliant Insurance Services Leases 55938 SF At 32 Old Slip New York From RXR Realty

32 Old Slip, New York, NY, 10005

$65

$65/SF

Building Size

55,938 SF

Asset Type

Retail

Closing

Oct 29, 2018

AI

The property asset involved is located at 32 Old Slip, New York, NY, 10005, within the New York market. The landlord, RXR Realty, has leased the premises to Alliant Insurance Services for a rate of $65 per square foot, covering a total area of 55,938 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: $65 per square foot
  • Address: 32 Old Slip, New York, NY, 10005
  • Market: New York
  • Tenant: Alliant Insurance Services
  • Landlord: RXR Realty
  • Broker: Christopher Corrinet - CBRE

The key individuals involved in this transaction include Christopher Corrinet representing the broker CBRE, engaged in facilitating the lease between RXR Realty and Alliant Insurance Services, highlighting their roles in the completion of this agreement.

Players

Christopher Corrinet

CBRE

Broker

11 deals

Broker
RXR Realty
RXR RealtyLandlord

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93