LEASED
Stephen Wang & Associates Leases 5150 Square Feet At 950 3rd Ave New York From Ana Real Estate
950 3rd Ave, New York, NY, 10022
Building Size
5,150 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 950 3rd Ave, New York, NY, 10022. It encompasses a total square footage of 5,150 and is situated in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Tenant: Stephen Wang & Associates
- Tenant's Representative: Joseph Friedman
- Landlord: Ana Real Estate
This deal is facilitated by the involvement of Joseph Friedman, who represents the tenant, Stephen Wang & Associates, in their leasing agreement with Ana Real Estate, the landlord of the property.
Players
RW Real EstateLandlord
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