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1 West End Ave, New York, N...

Morton Williams Leases Office Space In New York From Silverstein Properties
LEASEDOffice

Morton Williams Leases Office Space In New York From Silverstein Properties

1 West End Ave, New York, NY, 10023

$85

$85/SF

Building Size

29,400 SF

Asset Type

Office

Closing

Dec 8, 2017

AI

The office property located at 1 West End Ave, New York, NY, 10023, in the bustling market of New York, boasts a total of 29,400 square feet. The lease was finalized on December 8, 2017, with the tenant Morton Williams agreeing to a rental rate of $85 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Landlord: Silverstein Properties
  • Landlord's Representative: Richard Gelber (Newmark)
  • Tenant: Morton Williams

The deal was facilitated with Richard Gelber from Newmark representing Silverstein Properties as the landlord's representative. Morton Williams, the established tenant, finalized the lease agreement under the terms mentioned above.

Players

Richard Gelber

Newmark

Broker

4 deals

Broker
Silverstein Properties
Silverstein PropertiesLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93