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240 W 35th St, New York, NY...

Newsday Leases 10,100 SF At 240 W 35th St New York From ATCO Properties & Management
LEASEDOffice

Newsday Leases 10,100 SF At 240 W 35th St New York From ATCO Properties & Management

240 W 35th St, New York, NY, 10001

$56

$56/SF

Building Size

10,100 SF

Asset Type

Office

Closing

Jun 6, 2017

AI

The property asset involved in the transaction is located at 240 W 35th St, New York, NY, 10001. It spans a total of 10,100 square feet and is leased at a rate of $56 per square foot. The market for this property lies within New York.

Summary of transaction details:

In this transaction, the key representatives for the tenant, Newsday, include Gregory Kraut from K Property Group and Frank Pagano and Greg Kraut from Avison Young, highlighting a collaborative effort among professionals in the real estate sector.

Players

Frank Pagano

Avison Young

Broker

2 deals

Broker
ATCO Properties & Management
ATCO Properties & ManagementBrokerage
ATCO Properties & Management
ATCO Properties & ManagementLandlord

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

283267.86%

Cash-on-Cash

-80958.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93