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
About this deal
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.
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Players
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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