Prodject Leases 5700 SF At 42 Bond St New York From Jato Realty Corp With Greg Kim And Edmond Levy As Representatives
42 Bond St, New York, NY, 10012
$59
$59/SF
Building Size
5,700 SF
Asset Type
Office
Closing
Jul 17, 2017
AI
The lease involves a property located at 42 Bond St, New York, NY, 10012. The market value pertains to New York, with a rental price of $59 per square foot. The total area of the lease is 5,700 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 42 Bond St, New York, NY, 10012
- Market: New York
- Tenant: Prodject
- Landlord: Jato Realty Corp.
- Tenant's Representative: Greg Kim - Sequoia Property Group
- Landlord's Representative: Edmond Levy - Cornerstone Real Estate Investments
This transaction highlights the involvement of Greg Kim from Sequoia Property Group representing the tenant, Prodject, and Edmond Levy from Cornerstone Real Estate Investments representing the landlord, Jato Realty Corp.
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
268864.41%
Cash-on-Cash
-76842.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93