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117 East 41 Street, New Y...

Lamar Advertising Company Signs Lease For 2440 Square Feet At 117 East 41 Street New York
LEASEDOffice

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

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:

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.

Players

Arthur Mirante

Savills

Broker

5 deals

Broker
SE
Stahl Real EstateLandlord

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