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106 W 56th St, New York, NY...

CommonWealth Partners Leases 3051 Square Feet At 106 W 56th St New York From Savanna
LEASEDOffice

CommonWealth Partners Leases 3051 Square Feet At 106 W 56th St New York From Savanna

106 W 56th St, New York, NY, 10019

Building Size

3,051 SF

Asset Type

Office

Closing

Nov 4, 2021

AI

The property involved in the transaction is a lease located at 106 W 56th St, New York, NY, 10019. The total square footage of the space is 3,051, situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 3,051
  • Address: 106 W 56th St, New York, NY, 10019
  • Market: New York
  • Tenant: CommonWealth Partners
  • Landlord: Savanna
  • Tenant's Representatives: Brett Shannon (CBRE), Howard Fiddle (CBRE)
  • Broker: Evan Haskell (CBRE)

The deal features notable individuals and companies, including CommonWealth Partners as the tenant and Savanna as the landlord. The representatives involved in the transaction from the tenant side are Brett Shannon and Howard Fiddle, both associated with CBRE, while Evan Haskell of CBRE serves as the broker for the transaction.

Players

Howard Fiddle

CBRE

Broker

28 deals

Broker
KR
KBS Strategic Opportunity REITLandlord
CP
CommonWealth PartnersTenant

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