Ermenegildo Zegna Leases 20132 SF At 4 E 53rd St New York With Tenant's Rep Don Preate
4 E 53rd St, New York, NY, 10022
$72
$72/SF
Building Size
20,132 SF
Asset Type
Office
Closing
May 10, 2017
AI
The leased property is located at 4 E 53rd St, New York, NY, 10022, in the New York market. The tenancy involves a space that encompasses 20,132 square feet, with a market rent of $72 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 4 E 53rd St, New York, NY, 10022
- Market: New York
- Tenant: Ermenegildo Zegna
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Don Preate - JLL
- Rent/SF: $72
- Square Feet: 20,132
The deal includes Ermenegildo Zegna as the tenant, represented by Don Preate from JLL, while SL Green Realty Corp. acts as the landlord in this transaction.
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
220319.44%
Cash-on-Cash
-62967.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93