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16 East 79th Street

Casa Tua Leases Office Space At 16 East 79th Street From Realty 1679 For $100/ft
LEASEDOffice

Casa Tua Leases Office Space At 16 East 79th Street From Realty 1679 For $100/ft

16 East 79th Street

$100

$100/SF

Building Size

500 SF

Asset Type

Office

Closing

Nov 1, 2024

AI

The property involved in this transaction is an office space located at 16 East 79th Street in the Lenox Hill market. The asset encompasses a total area of 500 square feet with an asking rent of $100 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $100/ft.
  • Square Footage: 500
  • Address: 16 East 79th Street
  • Market: Lenox Hill
  • Landlord: Realty 1679
  • Tenant: Casa Tua
  • Broker: Owen Toland - Serhant

In this transaction, Owen Toland of Serhant represented the landlord, Realty 1679, while the tenant, Casa Tua, secured the lease for the office space at the specified terms.

Players

Owen Toland

Serhant

Broker

3 deals

Broker

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93