BNB Bank Leases 5660 Square Feet At 34 E 51st St New York From Sedesco
34 E 51st St, New York, NY, 10022
Building Size
5,660 SF
Asset Type
Office
Closing
Jun 7, 2019
AI
The property involved in this transaction is located at 34 E 51st St, New York, NY, 10022. This leased space has a total area of 5,660 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 34 E 51st St, New York, NY, 10022
- Tenant: BNB Bank
- Landlord: Sedesco
- Tenant's Representative: Kenneth Salzman - Lee & Associates NYC
- Broker: Davie Berke - JLL
This transaction involved BNB Bank as the tenant and Sedesco as the landlord. Representing the tenant in this deal was Kenneth Salzman from Lee & Associates NYC, while Davie Berke from JLL served as the broker for the 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