Strook & Strook & Lavan Leases 6450 Square Feet At 767 3rd Ave New York
767 3rd Ave, New York, NY, 10017
Building Size
6,450 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property asset involved in this transaction is located at 767 3rd Ave, New York, NY, 10017. This lease transaction concerns an office space comprising 6,450 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 767 3rd Ave, New York, NY, 10017
- Square Feet: 6,450
- Tenant: Strook & Strook & Lavan
- Landlord: William Kaufman Organization
- Tenant's Representative: Michael Monahan, CBRE
The negotiation of this lease comes under the representation of tenant's broker, Michael Monahan from CBRE, indicating a strategic approach to securing the lease terms for the tenant, Strook & Strook & Lavan, in collaboration with the landlord, William Kaufman Organization.
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