Consulate General Of Jamaica Leases Office Space At 300 East 42nd Street In New York City
300 East 42nd Street, New York City, New York 10017, United States
$67
$67/SF
Building Size
42,500 SF
Asset Type
Office
Closing
Jan 10, 2023
AI
The Consulate General of Jamaica has signed a 20-year lease for office space located at 300 East 42nd Street in New York. The property, owned by Somerset Partners and Meadow Partners, will serve as the consulate's new location. The lease was facilitated by brokers Gordon Ogden and Ben Mohr of Byrnam Wood.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $67/ft. (Asking Rent)
- Square Footage: 42,500
- Date: January 10, 2023
- Market: New York
The lease agreement for the office space was signed on January 10, 2023. The Consulate General of Jamaica will occupy a total of 42,500 square feet at an asking rent of $67 per square foot. The property, located at 300 East 42nd Street in New York, is owned by Somerset Partners and Meadow Partners. The lease was negotiated by brokers Gordon Ogden and Ben Mohr of Byrnam Wood.
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
236761.19%
Cash-on-Cash
-67667.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93