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330 W 34th St, New York, NY...

HomeAdvisor Leases Office Space At 330 W 34th St In New York
LEASEDOffice

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

Steven Rotter

Newmark

Broker

$270M

vol

21 deals

Broker
JLL
JLLBrokerage
Vornado Realty Trust
Vornado Realty TrustLandlord

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