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
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