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263 W 38th St, New York, NY...

The International Rescue Committee Leases 10000 Square Feet At 263 W 38th St New York
LEASEDOffice

The International Rescue Committee Leases 10000 Square Feet At 263 W 38th St New York

263 W 38th St, New York, NY, 10018

Building Size

10,000 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 263 W 38th St, New York, NY, 10018. It encompasses a total of 10,000 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 263 W 38th St, New York, NY, 10018
  • Square Feet: 10,000
  • Tenant: The International Rescue Committee
  • Landlord: Handler Real Estate Organization
  • Tenant's Representative: Laurence Briody, Jr., Emanuel Fitzgerald, Joan Meixner - CBRE

This lease was facilitated by the representatives from CBRE, specifically Laurence Briody, Jr., Emanuel Fitzgerald, and Joan Meixner, who acted on behalf of The International Rescue Committee in this transaction.

Players

Emanuel Fitzgerald

CBRE

Broker

1 deal

Broker
Handler Real Estate Organization
Handler Real Estate OrganizationBrokerage
Handler Real Estate Organization
Handler Real Estate OrganizationLandlord

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