Melio Signs Lease For 25000 Square Feet At 114 E 14th St With RAL Development Services
114 E 14th St, New York, NY, 10003
Building Size
25,000 SF
Asset Type
Office
Closing
Dec 13, 2021
AI
The lease transaction involves a space located at 114 E 14th St, New York, NY, 10003, within the New York market. The property spans 25,000 square feet, accommodating the tenant, Melio, under the management of RAL Development Services as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 114 E 14th St, New York, NY, 10003
- Square Feet: 25,000
- Tenant: Melio
- Landlord: RAL Development Services
- Tenant's Representative: Gabi Koshgarian - Vicus Partners
Gabi Koshgarian of Vicus Partners represented the tenant, Melio, in this leasing transaction, partnering with RAL Development Services, who acted as the landlord throughout the process.
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