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33 Irving Pl New York, NY 1...

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