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
About this deal
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.
On the Map
Office
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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