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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Tenant: The Asian American Foundation (TAAF)
- Landlord: GFP Real Estate
- Brokers: Matthew Colavita, Allen Gurevich (GFP Real Estate)
- Lease Date: 03/19/2025
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
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