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60 W 42nd St, New York, NY,...

Stewart Title Insurance Company Leases 5267 Square Feet At 60 W 42nd St New York
LEASED

Stewart Title Insurance Company Leases 5267 Square Feet At 60 W 42nd St New York

60 W 42nd St, New York, NY, 10036

Building Size

5,267 SF

Asset Type

Closing

Nov 20, 2023

AI

A lease transaction has taken place for a property located at 60 W 42nd St, New York, NY, 10036. The space encompasses a total of 5,267 square feet. This property is situated in the New York market.

Summary of transaction details:

This deal involved key representatives including Kenneth Salzman from Lee & Associates NYC, who served as the tenant's representative, and Julie Christiano from Empire State Realty Trust, representing the landlord. Their roles facilitated the completion of the lease agreement for the premises.

Players

Julie Christiano

Empire State Realty Trust

Broker

1 deal

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