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36 E 57th St, New York, NY,...

Beauvais Carpets Leases 18342 SF Office Space On 36 E 57th St, New York
LEASEDOffice

Beauvais Carpets Leases 18342 SF Office Space On 36 E 57th St, New York

36 E 57th St, New York, NY, 10022

Building Size

18,342 SF

Asset Type

Office

Closing

Mar 5, 2020

AI

The property involved in this transaction is an office space located at 36 E 57th St, New York, NY, 10022. The total area of the property is 18,342 square feet. The market for this property is New York.

Summary of transaction details:

This transaction highlights the key representatives involved, with Matthew Ball representing the tenant, Beauvais Carpets, while Neil V. King III, Patrice Meagher, and Paul Amrich represent the landlord in the deal.

Players

Matthew Ball

Ripco

Broker

9 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93