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
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