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140 E 45th St, New York, NY...

Stewart Title Insurance Company Leases 16350 Square Feet At 140 E 45th St, New York
LEASED

Stewart Title Insurance Company Leases 16350 Square Feet At 140 E 45th St, New York

140 E 45th St, New York, NY, 10017

Building Size

16,350 SF

Asset Type

Closing

Nov 20, 2023

AI

This lease transaction involves an office space located at 140 E 45th St, New York, NY, 10017, within the New York market. The leased area encompasses 16,350 square feet, facilitating the operations of Stewart Title Insurance Company.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 140 E 45th St, New York, NY, 10017
  • Tenant: Stewart Title Insurance Company
  • Landlord: Rockwood Capital
  • Tenant's Representative: Kenneth Salzman (Lee & Associates NYC)

In this transaction, Kenneth Salzman from Lee & Associates NYC represented the interests of Stewart Title Insurance Company as the tenant in the lease agreement with Rockwood Capital, the landlord.

Players

Kenneth Salzman

Lee & Associates

Broker

9 deals

Broker
Rockwood Capital
Rockwood Capital Lender
Rockwood Capital
Rockwood Capital Landlord

New York CRE Market Snapshot

Boundary boundary · CRE · 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