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

Multi Packaging Solutions Leases 12870 Square Feet At 877 3rd Ave New York From IRSA
LEASEDCommercial

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

Christopher Hogan

CBRE

Broker

7 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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