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103 E 125th St, New York, N...

Grant Associates Leases 7000 Square Feet At 103 E 125th St With Landlord Savanna
LEASEDOffice

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:

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

Myles Fennon

Broker

8 deals

Broker
KR
KBS Strategic Opportunity REITLandlord

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