HomeAdvisor Leases Office Space At 330 W 34th St In New York
330 W 34th St, New York, NY, 10001
$70
$70/SF
Building Size
45,000 SF
Asset Type
Office
Closing
Sep 12, 2018
AI
The leased property located at 330 W 34th St, New York, NY, 10001, in the New York market is an office space spanning 45,000 square feet. The tenant, HomeAdvisor, secured this space from the landlord, Vornado Realty Trust, on 09/12/2018, at a rate of $70 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: HomeAdvisor
- Tenant's Rep: Steven Rotter (JLL)
- Landlord: Vornado Realty Trust
- Rent/SF: $70
- Square Feet: 45,000
Steven Rotter from JLL represented HomeAdvisor in this lease transaction, aligning the tenant's interests with the terms of the agreement facilitated by Vornado Realty Trust. The collaboration between the tenant's representative and the landlord underscores the essential role of real estate agents in negotiating favorable deals for their clients.
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93