Grant Associates Leases 7000 Square Feet At 103 E 125th St With Landlord Savanna
103 E 125th St, New York, NY, 10035
Building Size
7,000 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved is located at 103 E 125th St, New York, NY, 10035, with a square footage of 7000. This lease transaction takes place in the New York market, representing a significant engagement between tenant and landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 103 E 125th St, New York, NY, 10035
- Market: New York
- Tenant: Grant Associates
- Landlord: Savanna
- Tenant's Representative: Alison Miller(ABS Partners Real Estate)
- Landlord's Representatives: Lauren Calandriello(JRT Realty Group), Ellen Israel(JRT Realty Group)
- Brokers: Andy Udis(ABS Partners Real Estate)
This transaction highlights the key roles played by the representatives in facilitating the lease. Alison Miller acted on behalf of Grant Associates, while Lauren Calandriello and Ellen Israel represented Savanna in this deal. Andy Udis also played an essential role in the brokerage process through ABS Partners Real Estate.
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