PianoPiano Leases 10750 Square Feet From EMB Realty At 41 W 65th St, New York
41 W 65th St, New York, NY, 10023
Building Size
10,750 SF
Asset Type
Office
Closing
Sep 20, 2021
AI
The property involved in this lease transaction is located at 41 W 65th St, New York, NY, 10023. It encompasses a total area of 10,750 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 10,750
- Address: 41 W 65th St, New York, NY, 10023
- Tenant: PianoPiano
- Landlord: EMB Realty
- Tenant's Representative: Jeffrey Rosenblatt - Lincoln Property Company
This lease transaction involves EMB Realty as the landlord and PianoPiano as the tenant, with Jeffrey Rosenblatt from Lincoln Property Company representing the tenant in this deal.
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