LEASEDOffice
R/GA Leases 322 7th Ave Office Space From GDSNY In New York
322 7th Ave, New York, NY, 10001
Building Size
17,360 SF
Asset Type
Office
Closing
Jan 4, 2023
AI
An office lease transaction has taken place at 322 7th Ave, New York, NY, 10001. The property encompasses 17,360 square feet and is situated in the New York market.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Landlord: GDSNY
- Tenant: R/GA
- Landlord's Representative: Neil V. King III & Paul Amrich - CBRE
The deal involved R/GA as the tenant, securing a lease from the landlord GDSNY, with representation provided by Neil V. King III and Paul Amrich from CBRE.
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