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220 E 42nd St, New York, NY...

SL Green Realty Corp. Leases 167,000 SF Office Space In New York City For $70/SF
LEASEDOffice

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

Steven Durels

Broker

3 deals

Broker
SL Green
SL GreenLandlord

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