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
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