Zeta International Holdings Leases Office Space At 3 Park Ave In New York
3 Park Ave, New York, NY, 10016
Building Size
23,000 SF
Asset Type
Office
Closing
Jan 18, 2019
AI
The office property located at 3 Park Ave, New York, NY, 10016, in the bustling market of New York, spans over 23,000 square feet. It was part of a lease transaction dated January 18, 2019, between the tenant, Zeta International Holdings, and the landlord, Cohen Brothers Realty. The tenant's representative in this deal was Michael (Mike) Mathias from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 3 Park Ave, New York, NY, 10016
- Market: New York
- Tenant: Zeta International Holdings
- Landlord: Cohen Brothers Realty
- Square Feet: 23,000
- Tenant's Rep: Michael (Mike) Mathias (Cushman & Wakefield)
The collaboration between Zeta International Holdings, represented by Michael (Mike) Mathias of Cushman & Wakefield, and Cohen Brothers Realty paved the way for a significant lease transaction, marking an important move in the commercial real estate market of New York. The negotiation process and agreement reached highlight the professional expertise and strategic decision-making of the individuals and companies involved in this office lease deal.
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