Lamar Advertising Company Signs Lease For 2440 Square Feet At 117 East 41 Street New York
117 East 41 Street, New York, NY, 100...
Building Size
2,440 SF
Asset Type
Office
Closing
Sep 14, 2020
About this deal
AI
The transaction involves a lease renewal encompassing a total of 2,440 square feet, located at 117 East 41 Street, New York, NY. This property is part of the New York market and is associated with Lamar Advertising Company, which specializes in outdoor advertising.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 117 East 41 Street, New York, NY
- Market: New York
- Tenant: Lamar Advertising Company
- Landlord: Stahl Real Estate Co
- Tenant's Rep: Arthur Mirante(Avison Young), Jean-Philippe Krahmer(Avison Young)
- Landlord's Rep: James Frederick(Cushman & Wakefield)
- Square Feet: 2440
The deal was facilitated by representatives from Avison Young, including Arthur Mirante and Jean-Philippe Krahmer, who represented the tenant in the lease renewal. The landlord's interests were managed by James Frederick from Cushman & Wakefield, highlighting the collaboration between the involved parties to renew the lease successfully.
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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