Fross Zelnick Lehrman & Zissu Leases Office At 4 Times Sq For $85/SF
4 Times Sq, New York, NY, 10036
Building Size
41,221 SF
Asset Type
Office
Closing
Sep 8, 2016
About this deal
AI
The property involved in this lease transaction is an office asset located at 4 Times Sq, New York, NY, 10036. The total square footage of the property is 41,221 square feet, and the rent per square foot is $85. The market for this transaction is New York.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: 3,500,785
- Address: 4 Times Sq, New York, NY, 10036
- Market: New York
- Tenant: Fross Zelnick Lehrman & Zissu
- Landlord: Durst Organization
- Tenant's Representative: Robert Eisenberg
The lease transaction reflects the involvement of Durst Organization as the landlord and highlights the role of Robert Eisenberg representing the tenant, Fross Zelnick Lehrman & Zissu, in this deal.
On the Map
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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93