Newsday Leases 10,100 SF At 240 W 35th St New York From ATCO Properties & Management
240 W 35th St, New York, NY, 10001
Building Size
10,100 SF
Asset Type
Office
Closing
Jun 6, 2017
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 240 W 35th St, New York, NY, 10001
- Tenant: Newsday
- Landlord: ATCO Properties & Management
- Tenant's Representatives: Gregory Kraut-K Property Group, Frank Pagano-Avison Young, Greg Kraut-Avison Young
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.
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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