Choice New York Management Leases 5240 Square Feet At 254 W 31st St New York With Brause Realty
254 W 31st St, New York, NY, 10001
Building Size
5,240 SF
Asset Type
Office
Closing
Aug 16, 2016
AI
The property involved in the lease transaction is located at 254 W 31st St, New York, NY, 10001. It encompasses a total of 5,240 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 254 W 31st St, New York, NY, 10001
- Market: New York
- Square Feet: 5,240
- Tenant: Choice New York Management
- Landlord: Brause Realty
- Tenant's Representative: Jane Brody (Vicus Partners)
- Landlord's Representative: Carolyn Zimmer (Brause Realty)
Involved in the lease are the representatives from both tenant and landlord sides, Jane Brody from Vicus Partners representing Choice New York Management and Carolyn Zimmer from Brause Realty representing Brause Realty 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93