Silverstein Properties Leases Single Family Property At 2 Pine Street, New York
2 Pine Street, New York, NY, 10005
Building Size
8,039 SF
Asset Type
Single Family
Closing
Apr 27, 2022
AI
The single-family property located at 2 Pine Street, New York, NY, 10005, boasts a total of 8,039 square feet. The lease for this property was finalized on April 27, 2022. Colliers International's Reid Longley represented the tenant in this transaction, while Silverstein Properties acted as the landlord.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: Not Applicable
- Tenant's Rep: Reid Longley (Colliers International)
- Landlord: Silverstein Properties
- Address: 2 Pine Street, New York, NY, 10005
- Market: New York
- Square Feet: 8,039
The deal's key individuals involved in this transaction were Reid Longley from Colliers International, serving as the tenant's representative, and Silverstein Properties as the landlord. The agreement was successfully reached for the lease of this single-family property, emphasizing a notable collaboration between the tenant and the landlord in the vibrant New York real estate market.
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