Updated Nov 28, 2024
Macmillan Publishers Leases Single Family Space At 2 Pine Street, New York
2 Pine Street, New York, NY, 10005
Building Size
261,000 SF
Asset Type
Single Family
Closing
Jul 31, 2017
About this deal
AI
The property located at 2 Pine Street, New York, NY, 10005 is a Single Family asset spanning 261,000 square feet. The landlord, Silverstein Properties, successfully leased the property to Macmillan Publishers, with Leon Manoff of Colliers International representing the tenant in the deal. The transaction was finalized on July 31, 2017, in the vibrant market of New York.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: Not specified
- Tenant: Macmillan Publishers
- Landlord: Silverstein Properties
- Square Feet: 261,000
- Tenant's Rep: Leon Manoff (Colliers International)
- Market: New York
The lease agreement for the property at 2 Pine Street was facilitated by the tenant's representative, Leon Manoff of Colliers International. Macmillan Publishers, a notable tenant, will now occupy the 261,000 square feet of space leased from Silverstein Properties in New York. This deal underscores the strategic real estate decisions made by both Macmillan Publishers and Silverstein Properties.
Players
New York Single Family Market Snapshot
Boundary boundary · Single Family · 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