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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Stewart Title Insurance Company
- Landlord: Empire State Realty Trust
- Tenant's Representative: Kenneth Salzman, Lee & Associates NYC
- Landlord's Representative: Julie Christiano, Empire State Realty Trust
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.
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