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
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