All Star Security Leases Office Space In Time Square
Moxy NYC Times Square, 485 7th Ave, New York, NY, USA
Building Size
7,500 SF
Asset Type
Office
Closing
Dec 27, 2018
About this deal
AI
A 7,500 square-foot office space located at 10 Time Square in the Time Square market has been leased. The lease was finalized on December 28, 2018. The office space is owned by LH Charney & Associates and was leased to All Star Security. The lease rate was set at $60 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 10 Time Square
- Market: Time Square
Oded Nachmani from Current Real Estate acted as the broker in this lease deal.
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