Trump Organization Leases School At 40 Wall St, NYC To Tenant's Rep Marc Shapses
40 Wall St, New York, NY, 10005
Building Size
38,825 SF
Asset Type
School
Closing
Jul 26, 2016
AI
The property located at 40 Wall St, New York, NY, 10005 is a school with a total square footage of 38,825. The lease for this property was finalized on July 26, 2016, in the New York market. The Trump Organization acts as the landlord for this school property, with Marc Shapses from Savills representing the tenant in the transaction.
Summary of transaction details:
- Property Type: School
- Transaction Amount: Not Applicable
- Tenant's Rep: Marc Shapses (Savills)
- Landlord: The Trump Organization
- Square Feet: 38,825
The involvement of Marc Shapses from Savills as the tenant's representative and The Trump Organization as the landlord underscores the significance of this lease transaction for the school property located at 40 Wall St, New York. The deal reflects a strategic agreement in the New York market, highlighting key individuals and companies contributing to the real estate landscape in the region.
Players
New York School Market Snapshot
Boundary boundary · School · 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