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

Dig Inn Leases Office Space At 463 7th Ave, New York For $350/SF
LEASEDOffice

Dig Inn Leases Office Space At 463 7th Ave, New York For $350/SF

463 7th Ave, New York, NY, 10018

$350

$350/SF

Building Size

3,156 SF

Asset Type

Office

Closing

Mar 8, 2018

AI

The property involved in this transaction is an office asset located at 463 7th Ave, New York, NY, 10018. The total square footage of the property is 3,156 square feet, and the rent per square foot is $350. The transaction took place within the New York market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 463 7th Ave, New York, NY, 10018
  • Market: New York
  • Tenant: Dig Inn
  • Landlord: Adams & Co.
  • Tenant's Representative: Michael Cohen-Newmark

The key individuals involved in this transaction include the landlord Adams & Co. and the tenant represented by Michael Cohen from Newmark, who facilitated the leasing process for Dig Inn.

Players

Michael Cohen

Newmark

Broker

14 deals

Broker
AC
Adams & Co.Landlord
DI
Dig InnTenant

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

45322.86%

Cash-on-Cash

-12953.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93