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
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.
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