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111 West 33rd Street, New Y...

Diligent Corp Leases 44700 SF Office Space At 111 West 33rd Street, New York
LEASEDOffice

Diligent Corp Leases 44700 SF Office Space At 111 West 33rd Street, New York

111 West 33rd Street, New York, NY, 1...

Building Size

44,700 SF

Asset Type

Office

Closing

Sep 26, 2018

AI

The office property located at 111 West 33rd Street in New York, NY, spanning 44,700 square feet, was leased on September 26, 2018. The landlord in this transaction was Empire State Realty Trust.

Summary of transaction details:

In this lease deal, the tenant, Diligent Corp., was represented by Mark Richardson and Michael Baraldi from Cushman & Wakefield. The brokers involved were Leslie Nadel from APF Properties and Louis d'Avanzo from Cushman & Wakefield.

Players

Louis d'Avanzo

Cushman & Wakefield

Broker

2 deals

Broker
Empire State Realty Trust
Empire State Realty TrustBrokerage
Empire State Realty Trust
Empire State Realty TrustLandlord

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