Lynco Products Signs Lease Agreement For 3,099 Sq Ft Office Space In New York
10 W 33rd St New York, NY 10001, USA
$49
$49/SF
Building Size
3,099 SF
Asset Type
Office
Closing
Jun 5, 2023
AI
Lynco Products has signed a lease agreement with Adams & Company for a 7-year and 9-month term at 10 West 33rd Street in New York. The 3,099 square foot office space was secured at an asking rent of $49 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Date: 06/05/2023
- Address: 10 West 33rd Street
- Market: New York
- Landlord: Adams & Company - David Levy
- Tenant: Lynco Products
- Asking Rent: $49/ft.
- SF: 3,099
- Lease Terms: 7-year & 9-month
The lease agreement was facilitated by David Levy of Adams & Company, who represented the landlord. Lynco Products, the tenant, secured the 3,099 square foot office space in New York at 10 West 33rd Street for a term of 7 years and 9 months. The office space was leased at an asking rent of $49 per square foot.
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
323734.69%
Cash-on-Cash
-92524.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93