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655 3rd Ave, New York, NY, ...

Abacus Capital Group Leases 13000 Sqft Space At 655 3rd Ave, New York
LEASED

Abacus Capital Group Leases 13000 Sqft Space At 655 3rd Ave, New York

655 3rd Ave, New York, NY, 10017

Building Size

13,000 SF

Asset Type

Closing

Nov 22, 2023

AI

The property located at 655 3rd Ave, New York, NY, 10017, consists of 13,000 square feet in the bustling market of New York. The lease transaction involved Abacus Capital Group as the tenant and Durst Organization as the landlord. Zev Holzman from Savills represented Abacus Capital Group in the deal.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not Applicable
  • Tenant: Abacus Capital Group
  • Landlord: Durst Organization
  • Tenant's Rep: Zev Holzman (Savills)

This transaction brought together Abacus Capital Group as the tenant, a prominent player in the real estate industry, and the Durst Organization as the landlord, known for its prestigious properties in New York. Representing Abacus Capital Group, Zev Holzman from Savills played a crucial role in facilitating this lease agreement.

Players

Zev Holzman

Savills

Broker

6 deals

Broker
Durst Organization
Durst OrganizationBrokerage
Durst Organization
Durst OrganizationLandlord
Abacus Capital Group
Abacus Capital GroupTenant

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