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:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: Diligent Corp.
- Tenant's Representatives: Mark Richardson and Michael Baraldi of Cushman & Wakefield
- Brokers: Leslie Nadel of APF Properties and Louis d'Avanzo of Cushman & Wakefield
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
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