NADAP Leases 9276 Square Feet At 103 E 125th St New York With Savanna As Landlord
103 E 125th St, New York, NY, 10035
Building Size
9,276 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this lease transaction is located at 103 E 125th St, New York, NY, 10035, within the New York market. The leased space encompasses 9,276 square feet. The landlord for this transaction is Savanna.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 103 E 125th St, New York, NY, 10035
- Square Feet: 9276
- Tenant: NADAP
- Tenant's Representative: Alex Lubin (Norman Bobrow & Company), Alexander Lubinand (Norman Bobrow & Company)
- Landlord's Representative: Gregory Smith
The transaction features key representatives in the deal. Alex Lubin and Alexander Lubinand from Norman Bobrow & Company represented the tenant, NADAP, while Gregory Smith represented the landlord, Savanna.
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