Empire State Realty Trust Leases 12600 Square Feet To RZO At 250 W 57th St New York
250 W 57th St, New York, NY, 10107
Building Size
12,600 SF
Asset Type
Office
Closing
Feb 22, 2018
About this deal
AI
The property asset involved in this transaction is located at 250 W 57th St, New York, NY, 10107, in the New York market. This leased space comprises 12,600 square feet and has a rent of $74 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 250 W 57th St, New York, NY, 10107
- Market: New York
- Landlord: Empire State Realty Trust
- Tenant: RZO
- Landlord's Rep: Heather Thomas - Cushman & Wakefield
The deal involves key participants including the landlord, Empire State Realty Trust, and the tenant, RZO. Heather Thomas from Cushman & Wakefield represents the interests of the landlord in this transaction.
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
214364.86%
Cash-on-Cash
-61266.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93