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10 East 40th Street New Yor...

Hart Howerton Renews Lease For 27.1K SF Office Space In New York
LEASEDOffice

Hart Howerton Renews Lease For 27.1K SF Office Space In New York

10 East 40th Street New York, New York 10016, USA

Building Size

27,111 SF

Asset Type

Office

Closing

Jun 6, 2023

AI

Hart Howerton, an office tenant in New York's market, has renewed its lease for a space spanning 27,111 square feet located at 10 East 40th Street. The property, owned by Madison International Realty, is represented by Diana Shieh. The lease terms for this renewal transaction were not specified.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 10 East 40th Street
  • Market: New York
  • Landlord: Madison International Realty - Diana Shieh
  • Tenant: Hart Howerton

Ethan Silverstein, Theodora Livadiotis, and Caroline Collins of Cushman & Wakefield served as the landlord's representatives in this lease renewal deal. On the other side, CBRE's Ryan Alexander and Tim Freydberg acted as the tenant's representatives.

Players

Theodora Livadiotis

Cushman & Wakefield

Broker

6 deals

Broker
Madison International Realty
Madison International RealtyLandlord

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