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33 Irving Pl New York, NY 1...

Platinum Properties Acquires Office Space At 33 Irving Place In NYC
LEASEDOffice

Platinum Properties Acquires Office Space At 33 Irving Place In NYC

33 Irving Pl New York, NY 10003, USA

$65

$65/SF

Building Size

16,000 SF

Asset Type

Office

Closing

Jun 21, 2023

AI

The office building located at 33 Irving Place in New York City has been leased. The property, with a total square footage of 16,000, was leased for a term of 11 years. The landlord is GFP Real Estate, and the landlord's representative in the deal is Greg Herman from Cushman & Wakefield. The tenant's representatives, Steven Evans and Khashy Eyn, represented Platinum Properties. The asking rent for the property was $65 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 33 Irving Place, New York City
  • Market: New York City
  • Landlord: GFP Real Estate
  • Landlord's Representative: Greg Herman - Cushman & Wakefield
  • Tenant's Representatives: Steven Evans & Khashy Eyn - Platinum Properties
  • Asking Rent: $65 per square foot
  • Lease Term: 11 years

The deal involves GFP Real Estate as the landlord, with their representative Greg Herman from Cushman & Wakefield. On the tenant's side, Steven Evans and Khashy Eyn from Platinum Properties served as the representatives. This long-term lease agreement will offer the tenant a total of 16,000 square feet of office space at 33 Irving Place, New York City. The asking rent for the lease was $65 per square foot.

Players

Khashy Eyn

Platinum Commercial

Broker

$581.9M

vol

24 deals

Broker
GFP Real Estate
GFP Real EstateBrokerage
GFP Real Estate
GFP Real EstateLandlord

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93