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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 11 E Loop Rd, New York, NY 10044
- Market: New York
- Square Feet: 3,300
- Landlord's Representative: David Caperna - Brookfield, Evan Fiddle - CBRE, Jesse Cooperman - brookfield-properties'>Brookfield Properties
- Brokers: Mary Ann Tighe, Evan Haskell - CBRE
- Tenant: First New York City
- Landlord: Forest City New York
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
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