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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 135 W 50th St, New York, NY, 10020
- Market: New York
- Tenant: Volunteers of America-Greater New York
- Landlord: UBS Realty Investors
- Tenant's Rep: Debra Wollens (Cushman & Wakefield)
- Landlord's Reps: Christine Colley (Cushman & Wakefield), Conor Kenny (Cushman & Wakefield), Craig Evans (Cushman & Wakefield)
- Brokers: David Hoffman (Cushman & Wakefield), David Lebenstein (Cushman & Wakefield)
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.
On the Map
$62
$62/SF
Office
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Players
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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