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
About this deal
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.
On the Map
Office
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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