Rtp Ventures Leases 3065 Square Feet At 877 3rd Ave From Ceruzzi Holdings
877 3rd Ave, New York, NY, 10022
Building Size
3,065 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 877 3rd Ave, New York, NY, 10022. It has a total area of 3,065 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not disclosed
- Address: 877 3rd Ave, New York, NY, 10022
- Square Feet: 3,065
- Tenant: Rtp Ventures
- Landlord: Ceruzzi Holdings
- Tenant's Representative: Kurtis Gibbs (JLL)
The key individuals involved in this deal include Kurtis Gibbs representing Rtp Ventures, while Ceruzzi Holdings acted as the landlord in the transaction. This lease highlights the collaboration between the tenant and their representative in securing the space.
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