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2 Pine Street, New York, NY...

Updated Nov 28, 2024

Macmillan Publishers Leases Single Family Space At 2 Pine Street, New York
LEASEDSingle Family

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

Leon Manoff

Colliers

Broker

2 deals

Broker
Silverstein Properties
Silverstein PropertiesLandlord

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

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