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11 E Loop Rd, New York, NY,...

First New York City Leases 3300 Square Feet At 11 E Loop Rd New York From Forest City New York
LEASEDOffice

First New York City Leases 3300 Square Feet At 11 E Loop Rd New York From Forest City New York

11 E Loop Rd, New York, NY, 10044

Building Size

3,300 SF

Asset Type

Office

Closing

Dec 8, 2017

AI

The property asset involved in this transaction is located at 11 E Loop Rd, New York, NY 10044, within the New York market. The leased space spans 3,300 square feet, catering to the tenant, First New York City, under the landlord, Forest City New York.

Summary of transaction details:

The transaction involved multiple representatives and brokers. The landlord had representation from David Caperna and Jesse Cooperman of Brookfield and Evan Fiddle of CBRE. The brokerage services were provided by Mary Ann Tighe and Evan Haskell, also associated with CBRE.

Players

Evan Fiddle

CBRE

Broker

13 deals

Broker
Newmark
NewmarkBrokerage

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