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322 8th Avenue

The Asian American Foundation Leases Office Space At 322 8th Avenue From GFP Real Estate
LEASEDOffice

The Asian American Foundation Leases Office Space At 322 8th Avenue From GFP Real Estate

322 8th Avenue

Building Size

Asset Type

Office

Closing

Mar 19, 2025

AI

The transaction involves a lease agreement for office space located at 322 8th Avenue in New York City. Details regarding the rental terms and square footage have not been specified.

Summary of transaction details:

This lease transaction showcases the collaboration between the tenant, The Asian American Foundation, and the landlord, GFP Real Estate. Brokers Matthew Colavita and Allen Gurevich facilitated the agreement, representing the interests of the involved parties in this transaction.

Players

Matthew Colavita

Broker

2 deals

Broker
Brian Steinwurtzel

Brian Steinwurtzel

GFP Real Estate

Landlord

$1.1B

vol

18 deals

Landlord

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