Freshly Leases 92000 Square Feet At 28 E 28th St From Loeb Partners Realty
28 E 28th St, New York, NY, 10016
Building Size
92,000 SF
Asset Type
Office
Closing
Jan 21, 2021
AI
The property involved in the transaction is located at 28 E 28th St, New York, NY, 10016, within the New York market. It has a total square footage of 92,000. The landlord for this lease is Loeb Partners Realty, and the tenant securing the lease is Freshly.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 28 E 28th St, New York, NY, 10016
- Market: New York
- Square Feet: 92,000
- Tenant's Representative: Eric Ferriello
- Tenant: Freshly
- Landlord: Loeb Partners Realty
The transaction involves Eric Ferriello representing the tenant, Freshly, in securing the lease from the landlord, Loeb Partners Realty. This deal highlights the collaborative effort between the tenant's representative and the landlord to finalize the agreement.
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