New York REIT Leases 33000 Square Feet At 300 W 50th St With Tenant's Rep Chris Mongeluzo
300 W 50th St, New York, NY, 10019
Building Size
33,000 SF
Asset Type
—
Closing
Jun 16, 2015
About this deal
AI
The property involved in this lease transaction is located at 300 W 50th St, New York, NY, 10019. It encompasses a total of 33,000 square feet and is situated within the New York market. The landlord for this property is New York REIT.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 33,000
- Address: 300 W 50th St, New York, NY, 10019
- Market: New York
- Tenant's Representative: Chris Mongeluzo-Newmark Knight Frank, E.N. Cutler-Newmark
- Landlord's Representative: Matthew Coudert-George Comfort & Sons
- Landlord: New York REIT
This lease transaction includes notable representatives such as Chris Mongeluzo and E.N. Cutler from Newmark as the tenant's representatives. Matthew Coudert from George Comfort & Sons is representing the landlord, New York REIT, in this deal.
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