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11 East 44th Street, New Yo...

TopView NYC Leases Office Space At 11 East 44th Street In Midtown East
LEASEDOffice

TopView NYC Leases Office Space At 11 East 44th Street In Midtown East

11 East 44th Street, New York City, New York 10017, United States

Building Size

7,790 SF

Asset Type

Office

Closing

Apr 20, 2022

AI

The leased property involved in this transaction is an office space located at 11 East 44th Street, 6th Floor, in Midtown East. The asset spans a total of 7,790 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 04/21/2022
  • Address: 11 East 44th Street - 6th Fl.
  • Market: Midtown East

Claudio Del Vecchio acted as the landlord in this lease agreement, while TopView NYC served as the tenant. The leasing process was facilitated by Matthew DeRose, William Janetschek, and Catherine Vilar of Nomad Group, who represented both the tenant and the landlord.

Note: Nomad Group handled the leasing on behalf of both the tenant and the landlord.

Players

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker

Claudio Del Vecchio

Landlord

$320M

vol

4 deals

Landlord

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