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469 7th Ave, New York, NY, ...

Intouch Solutions Leases 34000 SF At 469 7th Ave New York Through Kenneth Salzman And Brian Neugeboren
LEASEDOffice

Intouch Solutions Leases 34000 SF At 469 7th Ave New York Through Kenneth Salzman And Brian Neugeboren

469 7th Ave, New York, NY, 10018

$62

$62/SF

Building Size

34,000 SF

Asset Type

Office

Closing

Jul 24, 2017

AI

The property asset involved in this transaction is located at 469 7th Ave, New York, NY, 10018. This lease transaction features a rental price of $62 per square foot with a total area of 34,000 square feet in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: $2,108,000
  • Address: 469 7th Ave, New York, NY, 10018
  • Tenant: Intouch Solutions
  • Landlord: Meyer Equities
  • Tenant's Representative: Kenneth Salzman - Lee & Associates NYC, Brian Neugeboren
  • Market: New York

The deal was facilitated by Kenneth Salzman from Lee & Associates NYC and Brian Neugeboren representing Intouch Solutions, ensuring the tenant's interests were effectively managed during the lease transaction with Meyer Equities as the landlord.

Players

Brian Neugeboren

Broker

9 deals

Broker
Meyer Equities
Meyer EquitiesBrokerage
Meyer Equities
Meyer EquitiesLandlord

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

255854.84%

Cash-on-Cash

-73124.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93