Mutual Of America Financial Group Leases 252000 Square Feet At 39 E 50th St New York
39 E 50th St, New York, NY, 10022
Building Size
252,000 SF
Asset Type
Office
Closing
Feb 22, 2022
About this deal
AI
The property involved in this transaction is located at 39 E 50th St, New York, NY, 10022. It encompasses a total of 252,000 square feet of space within the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 39 E 50th St, New York, NY, 10022
- Market: New York
- Landlord: Munich Re Group
- Tenant: Mutual of America Financial Group
- Landlord's Representative: Frank Doyle-JLL
This lease agreement reflects a collaboration between two significant entities, with Munich Re Group serving as the landlord and Mutual of America Financial Group as the tenant. Frank Doyle from JLL represents the interests of the landlord in this 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