The Fedcap Group Leases 85000 Square Feet At 114 E 14th St New York From Junius Real Estate Partners
114 E 14th St, New York, NY, 10003
Building Size
85,000 SF
Asset Type
Office
Closing
Oct 4, 2022
AI
The property located at 114 E 14th St, New York, NY, 10003 is part of the New York market and encompasses a total of 85,000 square feet. The tenant involved in this lease transaction is The Fedcap Group, while Junius Real Estate Partners acts 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: 85,000
- Tenant: The Fedcap Group
- Landlord: Junius Real Estate Partners
- Tenant's Rep: Ira Schuman - Savills
This transaction involved key individuals and firms, with Ira Schuman representing The Fedcap Group in the deal, showcasing the collaboration between the tenant's representative and the landlord, Junius Real Estate Partners. The focus remains on the leasing arrangement facilitated in this notable New York location.
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