Laurel Road Leases 15240 Square Feet At 114 E 14th St From Junius Real Estate Partners
114 E 14th St, New York, NY, 10003
Building Size
15,240 SF
Asset Type
Office
Closing
Jul 13, 2022
AI
The asset involved in this transaction is a leased property located at 114 E 14th St, New York, NY, 10003, situated in the New York market. The leased space encompasses a total of 15,240 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 114 E 14th St, New York, NY, 10003
- Square Feet: 15,240
- Tenant: Laurel Road
- Landlord: Junius Real Estate Partners
- Broker: Kenneth Siegel of JLL
This transaction highlights the involvement of Kenneth Siegel representing the brokerage JLL in facilitating the lease between the tenant, Laurel Road, and the landlord, Junius Real Estate Partners.
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