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
About this deal
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.
On the Map
$62
$62/SF
Office
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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
255854.84%
Cash-on-Cash
-73124.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93