The Jewish Board Of Family & Children’s Services Leases Office Space In Manhattan For $49/ft
463 7th Avenue, New York City, New York 10018, United States
Building Size
12,230 SF
Asset Type
Office
Closing
Oct 12, 2022
About this deal
AI
The property involved in this closed lease transaction is an office space located at 463 Seventh Avenue in Manhattan. The asset type is office, and the transaction took place on 10/13/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 463 Seventh Avenue
- Market: Manhattan
The landlord in this transaction is The Arsenal Company LLC, and the tenant is The Jewish Board of Family & Children's Services, Inc. The landlord's representative in the deal is David Levy from Adams & Co, while the tenant's representative is David Lebenstein from Cushman & Wakefield.
The asking rent for the office space was $49 per square foot, and the total square footage of the space is 12,230 square feet.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93