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322 8th Ave, New York, NY, ...

Young Women’s Leadership Network Leases 11100 SF At 322 8th Ave New York From Newmark Holdings
LEASEDOffice

Young Women’s Leadership Network Leases 11100 SF At 322 8th Ave New York From Newmark Holdings

322 8th Ave, New York, NY, 10001

$55

$55/SF

Building Size

11,100 SF

Asset Type

Office

Closing

Jun 5, 2017

AI

The property involved in this transaction is located at 322 8th Ave, New York, NY, 10001. It encompasses a total of 11,100 square feet with a rental price of $55 per square foot within the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: $611,000
  • Address: 322 8th Ave, New York, NY, 10001
  • Market: New York
  • Tenant: Young Women’s Leadership Network
  • Landlord: Newmark Holdings
  • Tenant's Representatives: Alan Grossman (ARG Realty Consultants), Brian Dooley (CBRE)

In this lease transaction, Alan Grossman and Brian Dooley acted as tenant representatives for Young Women’s Leadership Network, while Newmark Holdings represented the landlord in the agreement.

Players

Alan Grossman

ARG Realty Consultants

Broker

1 deal

Broker
NH
Newmark HoldingsLandlord

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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93