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31 W 19th St, New York, NY,...

Yotpo Leases 23332 Square Feet At 31 W 19th St New York With Landlord Pan Asia Properties
LEASEDOffice

Yotpo Leases 23332 Square Feet At 31 W 19th St New York With Landlord Pan Asia Properties

31 W 19th St, New York, NY, 10011

$70

$70/SF

Building Size

23,332 SF

Asset Type

Office

Closing

Mar 28, 2018

AI

The property involved in this transaction is located at 31 W 19th St, New York, NY, 10011. It is situated in the New York market and spans a total area of 23,332 square feet. The rent is set at $70 per square foot.

Summary of transaction details:

This lease transaction involves Yotpo as the tenant, with Pan Asia Properties acting as the landlord. The representatives facilitating the transaction include Jeffrey Sharon from CBRE and Jeff Sharon from JSRE MGMT representing the tenant, and Hemant Mehta representing the landlord.

Players

Jeff Sharon

JSRE MGMT

Broker

3 deals

Broker

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93