Emerald Creek Capital Leases 5030 Square Feet At 575 Lexington Ave New York With Landlord George Comfort & Sons
575 Lexington Ave, New York, NY, 100...
Building Size
5,030 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 575 Lexington Ave, New York, NY. The transaction pertains to a lease agreement for a total square footage of 5,030 in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 5,030
- Address: 575 Lexington Ave, New York, NY, 100...
- Market: New York
- Landlord: George Comfort & Sons
- Landlord's Representative: Dana Pike-George Comfort & Sons
- Tenant: Emerald Creek Capital
The key individuals involved in the transaction include Dana Pike representing the landlord, George Comfort & Sons, while Emerald Creek Capital serves as the tenant in this lease agreement.
On the Map
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