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877 3rd Ave, New York, NY, ...

Rtp Ventures Leases 3065 Square Feet At 877 3rd Ave From Ceruzzi Holdings
LEASED

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

Randy Abend

JLL

Broker

4 deals

Broker
CH
Ceruzzi HoldingsLandlord

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