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
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