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950 3rd Ave, New York, NY, ...

Updated Oct 29, 2024

Stephen Wang & Associates Leases 5150 Square Feet At 950 3rd Ave New York From Ana Real Estate
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

About this deal

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.

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Players

Joseph Friedman

Broker

$66.3M

vol

5 deals

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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

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