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
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