Multi Packaging Solutions Leases 12870 Square Feet At 877 3rd Ave New York From IRSA
877 3rd Ave, New York, NY, 10022
Building Size
12,870 SF
Asset Type
Commercial
Closing
Jul 26, 2016
AI
The lease involves a property located at 877 3rd Ave, New York, NY, 10022, within the New York market. The property encompasses 12,870 square feet. The transaction features Multi Packaging Solutions as the tenant and IRSA as the landlord.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 877 3rd Ave, New York, NY, 10022
- Market: New York
- Tenant: Multi Packaging Solutions
- Landlord: IRSA
- Square Feet: 12,870
- Tenant's Representative: Christopher Hogan (CBRE)
The deal involves Christopher Hogan representing Multi Packaging Solutions in the leasing transaction. IRSA is the landlord for the property, contributing to the arrangement of this lease in the New York market.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · 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