Joseph P. Day Realty Corp Leases 7500 Square Feet At 10 E 40th St New York
10 E 40th St, New York, NY, 10016
Building Size
7,500 SF
Asset Type
Office
Closing
Feb 6, 2018
AI
A lease transaction has occurred for a property located at 10 E 40th St, New York, NY, 10016. This property boasts a total of 7500 square feet and is situated in the New York market. The landlord in this transaction is Joseph P. Day Realty Corp.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 10 E 40th St, New York, NY, 10016
- Market: New York
- Square Feet: 7500
- Landlord: Joseph P. Day Realty Corp
- Tenant's Representative: Joseph Genovesi
This transaction was facilitated by Joseph Genovesi, who served as the representative for the tenant. The involvement of a dedicated representative is significant in navigating the complexities of lease agreements in a bustling market such as New York.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93