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254 W 31st St, New York, NY...

Choice New York Management Leases 5240 Square Feet At 254 W 31st St New York With Brause Realty
LEASEDOffice

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

Carolyn Zimmer

Brause Realty

Broker

1 deal

Broker
Brause Realty
Brause RealtyLandlord

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