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111 West 33rd Street, New Y...

Empire State Realty Trust Leases Office To Interpublic Group Of Companies $\endash$ New York
LEASEDOffice

Empire State Realty Trust Leases Office To Interpublic Group Of Companies $\endash$ New York

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

Building Size

26,134 SF

Asset Type

Office

Closing

Jul 19, 2019

AI

The asset involved in this lease transaction is an office space located at 111 West 33rd Street, New York, NY, comprising a total area of 26,134 square feet. The market for this property is New York, and it is managed by Empire State Realty Trust.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 111 West 33rd Street, New York, NY
  • Square Feet: 26,134
  • Tenant: Interpublic Group of Companies
  • Landlord: Empire State Realty Trust
  • Tenant's Representatives: Robert Romano-JLL, Shannon Rzeznikiewicz-JLL
  • Brokers: Shannon Rzeznikiewicz-JLL

The representation in this transaction includes Robert Romano and Shannon Rzeznikiewicz, both affiliated with JLL, acting on behalf of the tenant, Interpublic Group of Companies. The landlord, Empire State Realty Trust, is the property owner facilitating this lease arrangement.

Players

Robert Romano

JLL

Broker

3 deals

Broker
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