Kobalt Music Group Leases 23000 SF At 320 W 13th St New York From William Kaufman Organization
320 W 13th St, New York, NY, 10014
Building Size
23,000 SF
Asset Type
Office
Closing
Aug 1, 2017
About this deal
AI
The leased property is located at 320 W 13th St, New York, NY, 10014, within the New York market. The rent per square foot is set at $88, and the total square footage of the property is 23,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 320 W 13th St, New York, NY, 10014
- Market: New York
- Tenant: Kobalt Music Group
- Landlord: William Kaufman Organization
- Tenant's Representative: Greg Taubin - Savills Studley
- Rent/SF: $88
- Square Feet: 23,000
This transaction involves Kobalt Music Group as the tenant and the William Kaufman Organization as the landlord. The tenant is represented by Greg Taubin from Savills Studley, ensuring a well-managed leasing process throughout the transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
180261.36%
Cash-on-Cash
-51519.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93