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19 E 31st St, New York, NY,...

Green Key Resources Leases 18303 SF At 19 E 31st St New York From Madison International Realty
LEASEDMultiFamily

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

Evan Margolin

JLL

Broker

10 deals

Broker
Madison International Realty
Madison International RealtyLandlord

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