First American Title Insurance Company Leases 17984 SF Office At 110 E 42nd St In New York
110 E 42nd St, New York, NY, 10017
$65
$65/SF
Building Size
17,984 SF
Asset Type
Office
Closing
May 9, 2017
AI
The lease transaction involves an asset located at 110 E 42nd St, New York, NY, 10017, in the New York market. The square footage of the property is 17,984, with a rental rate of $65 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 110 E 42nd St, New York, NY, 10017
- Market: New York
- Tenant: First American Title Insurance Company
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Christie Bennet (Newmark Grubb Knight Frank)
- Landlord's Representatives: Gary Rosenberg (Rosenberg Realty), Gary M. Rosen (SL Green Realty Corp.), Howard Tenenbaum (SL Green)
This lease transaction was facilitated by key representatives in the real estate sector, highlighting the roles of Christie Bennet representing the tenant and multiple representatives for the landlord, which include Gary Rosenberg, Gary M. Rosen, and Howard Tenenbaum, indicating a collaborative effort in the transaction process.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93