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114 E 14th St, New York, NY...

The Fedcap Group Leases 85000 Square Feet At 114 E 14th St New York From Junius Real Estate Partners
LEASEDOffice

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

Ira Schuman

Savills

Broker

$78.7M

vol

10 deals

Broker
JP
Junius Real Estate PartnersLandlord

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