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40 10th Ave, New York, NY, ...

Starwood Capital Leases 14258 Sq Ft Office In New York From William Gottlieb Real Estate
LEASEDOffice

Starwood Capital Leases 14258 Sq Ft Office In New York From William Gottlieb Real Estate

40 10th Ave, New York, NY, 10014

Building Size

14,258 SF

Asset Type

Office

Closing

Mar 29, 2019

AI

The office property located at 40 10th Ave, New York, NY, 10014, boasts a total of 14,258 square feet. The lease transaction was finalized on March 29, 2019, in the vibrant New York market. The tenant, Starwood Capital, secured this space through their representative, Robert Martinez of Rockstar Capital, while the landlord for this property is William Gottlieb Real Estate.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Starwood Capital
  • Tenants's Representative: Robert Martinez (Rockstar Capital)
  • Landlord: William Gottlieb Real Estate

This deal involved significant players in the real estate market, with Starwood Capital as the tenant and William Gottlieb Real Estate as the landlord. The negotiation process was managed by Robert Martinez from Rockstar Capital, representing Starwood Capital in securing the lease for the 14,258 square feet office space at 40 10th Ave, New York, NY.

Players

Robert Martinez

Rockstar Capital

Broker

$51M

vol

5 deals

Broker
Starwood Capital Group
Starwood Capital GroupLender

William Gottlieb

Landlord

$366M

vol

5 deals

Landlord
RW Real Estate
RW Real EstateLandlord
Starwood Capital Group
Starwood Capital GroupTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93