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45 E 20th St, New York, NY,...

Octave Leases 5000 SF Office Space At 45 E 20th St, New York
LEASEDOffice

Octave Leases 5000 SF Office Space At 45 E 20th St, New York

45 E 20th St, New York, NY, 10003

Building Size

5,000 SF

Asset Type

Office

Closing

Sep 26, 2019

AI

The property involved in this transaction is an office asset located at 45 E 20th St, New York, NY, 10003. The property encompasses a total area of 5,000 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 45 E 20th St, New York, NY, 10003
  • Square Feet: 5,000
  • Tenant: Octave
  • Landlord: The Rosen Family
  • Tenant's Representative: Michael Okun-Cresa
  • Landlord's Representative: Max Koeppell-Koeppell Rosen
  • Lease Date: 09/26/2019

This deal was facilitated by tenant's representative Michael Okun from Cresa, while the landlord was represented by Max Koeppell from Koeppell Rosen. This highlights the professional involvement of these representatives in securing the lease agreement between Octave and The Rosen Family.

Players

Max Koeppell

Koeppell Rosen

Broker

17 deals

Broker

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