Stout Risius Ross Leases 13313 Square Feet At 120 W 45th St New York With Kamber Management
120 W 45th St, New York, NY, 10036
Building Size
13,313 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 120 W 45th St, New York, NY, 10036. It comprises a total area of 13,313 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Tenant: Stout Risius Ross
- Tenant's Representative: Jack Tunnicliff - Cushman & Wakefield
- Landlord: Kamber Management
This lease transaction involves key players including the tenant Stout Risius Ross, represented by Jack Tunnicliff of Cushman & Wakefield, and the landlord Kamber Management. The representation by Jack Tunnicliff underscores the professional involvement in securing the lease on behalf of the tenant.
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