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
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