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805 3rd Ave, New York, NY, ...

Toyota Tsusho America Leases 43000 Square Feet At 805 3rd Ave New York With Paul Myers As Tenant's Rep
LEASEDHotel

Toyota Tsusho America Leases 43000 Square Feet At 805 3rd Ave New York With Paul Myers As Tenant's Rep

805 3rd Ave, New York, NY, 10022

Building Size

43,000 SF

Asset Type

Hotel

Closing

Dec 13, 2016

AI

The lease transaction involves Toyota Tsusho America as the tenant at the address 805 3rd Ave, New York, NY, 10022. The landlord is Cohen Brothers Realty Corp. The space leased encompasses 43,000 square feet within the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: Toyota Tsusho America
  • Landlord: Cohen Brothers Realty Corp.
  • Tenant's Representative: Paul Myers
  • Square Feet: 43,000

Paul Myers represents Toyota Tsusho America in this lease transaction. The deal reflects the ongoing dynamics of the New York real estate market, engaging established landlords and prominent tenants.

Players

Paul Myers

Newmark

Broker

3 deals

Broker

Cohen Brothers

Cohen Brothers Realty

Landlord

15 deals

Landlord
TA
Toyota Tsusho AmericaTenant

New York Hotel Market Snapshot

Boundary boundary · Hotel · 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