Green Key Resources Leases 18303 SF At 19 E 31st St New York From Madison International Realty
19 E 31st St, New York, NY, 10016
$60
$60/SF
Building Size
18,303 SF
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
A lease transaction has taken place at 19 E 31st St, New York, NY, 10016, situated in the New York market. The property features an asking rent of $60 per square foot, with a total leased area of 18,303 square feet. The executive search firm Green Key Resources is the tenant in this deal.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: $60 per square foot
- Address: 19 E 31st St, New York, NY, 10016
- Market: New York
- Tenant: Green Key Resources
- Tenant's Representative: Evan Margolin-JLL
- Landlord: Madison International Realty
In this 10-year lease, Evan Margolin and Caroline Kingsbery of Savills Studley represented Green Key Resources. The landlord was represented in-house by Mac Roos, Andrew Roos, and Michael Cohen of Colliers. The previous occupants of the space were Triumph Learning, and the building ownership intends to construct a turnkey build-out tailored to the tenant's specifications.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93