SL Green Realty Corp. Leases 167,000 SF Office Space In New York City For $70/SF
220 E 42nd St, New York, NY, 10017
$70
$70/SF
Building Size
167,000 SF
Asset Type
Office
Closing
Jan 17, 2016
AI
The office property located at 220 E 42nd St, New York, NY, 10017 in the New York City market has been leased. Spanning 167,000 square feet, the space commands a rent of $70 per square foot. The landlord, SL Green Realty Corp., was represented by Steven Durels in this transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 220 E 42nd St, New York, NY, 10017
- Market: New York City
- Landlord: SL Green Realty Corp.
- Rent/SF: $70
- Square Feet: 167,000
- Landlord's Rep: Steven Durels
This lease transaction was facilitated by Steven Durels from SL Green Realty Corp., representing the landlord in the deal. The lessee and other involved parties in the transaction were not disclosed in the provided information.
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93