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110 E 42nd St, New York, NY...

First American Title Insurance Company Leases 17984 SF Office At 110 E 42nd St In New York
LEASEDOffice

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

Christie Bennet

CBRE

Broker

7 deals

Broker
SL Green
SL GreenLandlord

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