Polsinelli PC Leases 40592 Sq Ft At 600 3rd Ave New York From L&L Holding Company
600 3rd Ave, New York, NY, 10016
Building Size
40,592 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 600 3rd Ave, New York, NY, 10016. It encompasses a total area of 40,592 square feet. The market for this property is New York.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: Polisnelli PC
- Landlord: L&L Holding Company
- Tenant's Representative: John Picco-Cushman & Wakefield
The lease agreement has been established between Polisnelli PC and L&L Holding Company, with John Picco from Cushman & Wakefield acting on behalf of the tenant to facilitate the transaction. This arrangement highlights the brokerage involvement in the successful execution of the lease.
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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