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40 E 33rd St, New York, NY,...

END Fund Leases 7329 Square Feet At 40 E 33rd St New York From Morgan Stanley
LEASEDOffice

END Fund Leases 7329 Square Feet At 40 E 33rd St New York From Morgan Stanley

40 E 33rd St, New York, NY, 10016

$70

$70/SF

Building Size

7,329 SF

Asset Type

Office

Closing

Apr 3, 2018

AI

The property involved in this lease transaction is located at 40 E 33rd St, New York, NY, 10016. It encompasses a total of 7,329 square feet within the New York market, with a rent price of $70 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 40 E 33rd St, New York, NY, 10016
  • Market: New York
  • Tenant: END Fund
  • Landlord: Morgan Stanley Real Estate
  • Tenant's Representative: Don Preate - JLL
  • Landlord's Representative: David Green - Kassin Sabbagh Realty, David A. Green
  • Rent/SF: $70
  • Square Feet: 7,329

The key individuals involved in the transaction include the tenant's representative Don Preate from JLL and the landlord's representative David Green from Kassin Sabbagh Realty. The landlord is Morgan Stanley Real Estate, while the tenant is END Fund, completing a significant lease transaction in the New York market.

Players

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Morgan Stanley
Morgan Stanley Lender
Morgan Stanley
Morgan Stanley Landlord

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93