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4 Times Sq, New York, NY, 1...

Fross Zelnick Lehrman & Zissu Leases Office At 4 Times Sq For $85/SF
LEASEDOffice

Fross Zelnick Lehrman & Zissu Leases Office At 4 Times Sq For $85/SF

4 Times Sq, New York, NY, 10036

$85

$85/SF

Building Size

41,221 SF

Asset Type

Office

Closing

Sep 8, 2016

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.

Players

Robert Eisenberg

Broker

$18.1M

vol

6 deals

Broker
Durst Organization
Durst OrganizationBrokerage
Durst Organization
Durst OrganizationLandlord

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

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93