Moab Capital Partners Leases Space From Carnegie Hall Tower II L.L.C. Represented By James Seo
152 W 57th St, New York, NY, 10019
Building Size
4,331 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property asset involved in this lease transaction is located at 152 W 57th St, New York, NY, 10019. The lease covers a space of 4,331 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: Moab Capital Partners
- Landlord: Carnegie Hall Tower II L.L.C.
- Tenant's Representative: James Seo-Hanley Advisors
Key individuals involved in this deal include Moab Capital Partners as the tenant, represented by James Seo-Hanley Advisors. Carnegie Hall Tower II L.L.C. acts as the landlord in this transaction.
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