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352 7th Ave New York, NY 10...

Aurora Associates Engineers PC Leases Office Space At 352 7th Avenue In New York City
LEASEDOffice

Aurora Associates Engineers PC Leases Office Space At 352 7th Avenue In New York City

352 7th Ave New York, NY 10001, USA

$45

$45/SF

Building Size

4,325 SF

Asset Type

Office

Closing

Jun 1, 2023

AI

The office space located at 352 7th Avenue in New York City has been leased. The property, owned by AM Property, has been rented to Aurora Associates Engineers PC. The lease transaction was facilitated by brokers JD Cohen and Ariel Hardwood from Newmark. The lease term is for seven years and includes a build-to-suit option.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: N/A
  • Asking Rent: $45/ft
  • Square Footage: 4,325
  • Address: 352 7th Avenue, New York City
  • Market: New York City

The landlord, AM Property, played a key role in leasing the office space to Aurora Associates Engineers PC. JD Cohen and Ariel Hardwood, representing Newmark, acted as the brokers in the deal.

Players

JD Cohen

Newmark

Broker

$14.8M

vol

13 deals

Broker

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93