Time Out Leases Office Space At 208 E 44th St, New York
208 E 44th St, New York, NY, 10017
Building Size
3,441 SF
Asset Type
Office
Closing
May 16, 2022
About this deal
AI
The property asset involved in this transaction is an office space located at 208 E 44th St, New York, NY, 10017. It encompasses a total of 3,441 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 208 E 44th St, New York, NY, 10017
- Square Feet: 3,441
- Tenant: Time Out
- Landlord: Clarion Partners
- Tenant's Representative: Michael Adler-Resolution Real Estate Partners
Key individuals involved in this transaction include Michael Adler, who represented the tenant, Time Out, during the lease agreement with the landlord, Clarion Partners.
On the Map
Office
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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