The Association Of National Advertisers Leases 52000 Square Feet At 155 E 44th St New York
155 E 44th St, New York, NY, 10017
Building Size
52,000 SF
Asset Type
Office
Closing
Mar 15, 2019
About this deal
AI
The property involved in the transaction is located at 155 E 44th St, New York, NY, 10017. It is situated in the New York market and encompasses a total area of 52,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Tenant: The Association of National Advertisers
- Tenant's Representatives: Kurt Handschumacher-Savills and Daniel Horowitz-Savills
- Landlord: Marx Realty
This transaction features key individuals such as Kurt Handschumacher and Daniel Horowitz representing the tenant, The Association of National Advertisers, while the landlord is Marx Realty. These representatives played a significant role in facilitating the lease agreement.
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