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
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