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

BP Energy Co Leases 7499 Square Feet At 140 E 45th St New York From Rockwood Capital
LEASED

BP Energy Co Leases 7499 Square Feet At 140 E 45th St New York From Rockwood Capital

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

Building Size

7,499 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in the transaction is located at 140 E 45th St, New York, NY, 10017, situated within the New York market. The leased area encompasses 7,499 square feet, and it has been designated for occupancy by BP Energy Co. The landlord of the property is Rockwood Capital.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 140 E 45th St, New York, NY, 10017
  • Market: New York
  • Square Feet: 7,499
  • Tenant: BP Energy Co
  • Landlord: Rockwood Capital
  • Tenant's Representative: Kurtis Gibbs (JLL)

The deal includes key representatives such as Kurtis Gibbs from JLL, who represented the interests of the tenant, BP Energy Co., in this leasing transaction with Rockwood Capital as the landlord.

Players

Randy Abend

JLL

Broker

4 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