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
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