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
About this deal
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.
On the Map
$72
$72/SF
Office
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Players
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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