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
$74
$74/SF
Building Size
12,600 SF
Asset Type
Office
Closing
Feb 22, 2018
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.
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