Cohen Brothers Realty Corp Leases 9000 SF To Tenant Represented By Kelly Supple In New York
3 Park Ave, New York, NY, 10016
$85
$85/SF
Building Size
9,000 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 3 Park Ave, New York, NY, 10016, within the New York market. The lease encompasses a total area of 9,000 square feet, with a rent charge of $85 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3 Park Ave, New York, NY, 10016
- Market: New York
- Square Feet: 9000
- Rent/SF: 85
- Tenant's Representative: Kelly Supple - Charles Rutenberg
- Landlord: Cohen Brothers Realty Corp.
Kelly Supple from Charles Rutenberg represented the tenant in this lease agreement, while the landlord in this transaction is Cohen Brothers Realty Corp. Their involvement was crucial in finalizing the lease terms. The transaction aligns with typical leasing processes in the New York market.
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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93