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
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