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463 7th Ave, New York, NY, ...

Cachet Industries Leases 5970 Square Feet At 463 7th Ave New York From The Arsenal Company
LEASEDOffice

Cachet Industries Leases 5970 Square Feet At 463 7th Ave New York From The Arsenal Company

463 7th Ave, New York, NY, 10018

$54

$54/SF

Building Size

5,970 SF

Asset Type

Office

Closing

Jul 4, 2017

AI

The property involved in this transaction is located at 463 7th Ave, New York, NY, 10018. It is part of the New York market and has a total square footage of 5,970. The rent per square foot is set at $54.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 463 7th Ave, New York, NY, 10018
  • Market: New York
  • Tenant: Cachet Industries
  • Landlord: The Arsenal Company
  • Tenant's Rep: Jason Birk - Olmstead Properties

This transaction features Cachet Industries as the tenant, with Jason Birk from Olmstead Properties representing the tenant's interests. The landlord in this lease agreement is The Arsenal Company.

Players

Jason Birk

Olmstead Properties

Broker

5 deals

Broker
AC
Arsenal CompanyLandlord
CI
Cachet Industries IncTenant

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

293759.26%

Cash-on-Cash

-83957.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93