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
About this deal
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.
On the Map
Office
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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