Scully, Scott, Murphy & Presser Renews 22k SF Lease At 400 Garden City Plaza
400 Garden City PLZ, Garden City, NY...
Building Size
22,000 SF
Asset Type
Office
Closing
Oct 18, 2016
AI
The property involved in the transaction is an office asset located at 400 Garden City Plaza in Garden City, NY. The lease signed by Scully, Scott, Murphy & Presser for 22,000 square feet was a renewal deal. The tenant was represented by Richard Freel and Vincent LaManna from CBRE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 400 Garden City Plaza, Garden City, NY
- Market: Garden City
- Tenant: Scully, Scott, Murphy & Presser
- Landlord: Treeline Cos
- Square Feet: 22,000
- Tenant's Rep: Richard Freel (CBRE), Vincent LaManna (CBRE)
The lease deal at 400 Garden City Plaza was facilitated by CBRE's Richard Freel and Vincent LaManna, who represented the tenant, Scully, Scott, Murphy & Presser, in the 22,000 square feet renewal.
Players
Garden City 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