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250 W 57th St, New York, NY...

Empire State Realty Trust Leases 37680 Square Feet At 250 W 57th St New York
LEASED

Empire State Realty Trust Leases 37680 Square Feet At 250 W 57th St New York

250 W 57th St, New York, NY, 10107

Building Size

37,680 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 250 W 57th St, New York, NY, 10107, within the New York market. The total square footage of the leased space is 37,680. The landlord for this transaction is Empire State Realty Trust.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 250 W 57th St, New York, NY, 10107
  • Market: New York
  • Square Feet: 37,680
  • Landlord: Empire State Realty Trust

The tenant's representatives in this transaction are Laurence Briody, Jr. and Brian Gell from CBRE, who facilitated the leasing process on behalf of the tenant.

Players

Brian Gell

CBRE

Broker

$30.6M

vol

5 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

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