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135 W 50th St, New York, NY...

Volunteers Of America-Greater New York Leases 30282 SF At 135 W 50th St From UBS Realty Investors
LEASEDOffice

Volunteers Of America-Greater New York Leases 30282 SF At 135 W 50th St From UBS Realty Investors

135 W 50th St, New York, NY, 10020

$62

$62/SF

Building Size

30,282 SF

Asset Type

Office

Closing

Jun 6, 2017

AI

The property asset involved in this transaction is located at 135 W 50th St, New York, NY, 10020. It is situated in the New York market and encompasses a total square footage of 30,282. The rental rate for this space is $62 per square foot.

Summary of transaction details:

This lease transaction involved key representatives from Cushman & Wakefield, with Debra Wollens acting as the tenant's representative. On the landlord's side, multiple representatives were involved, including Christine Colley, Conor Kenny, and Craig Evans. Additionally, brokers David Hoffman and David Lebenstein from the same agency facilitated the transaction.

Players

Debra Wollens

Cushman & Wakefield

Broker

$9M

vol

4 deals

Broker
UBS Realty Investors
UBS Realty InvestorsLandlord

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

255854.84%

Cash-on-Cash

-73124.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93