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
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