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469 7th Avenue

JME Imports Leases Office Space At 469 7th Avenue In New York City
LEASEDOffice

JME Imports Leases Office Space At 469 7th Avenue In New York City

469 7th Avenue

$52

$52/SF

Building Size

17,000 SF

Asset Type

Office

Closing

May 8, 2024

AI

The property at 469 7th Avenue in New York City has been leased. The asset is an office with a size of 17,000 square feet. The transaction involved the landlord, Meyer Equities represented by Eric Meyer, and the tenant, JME Imports. The lease was facilitated by brokers Daniel Lolai, Wayne Siegel, and Eric Siegel from LSL Advisors. The asking rent for the property was $52 per square foot under a Modified Gross Lease agreement.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 469 7th Avenue
  • Market: New York City
  • Landlord: Meyer Equities - Eric Meyer
  • Tenant: JME Imports
  • Brokers: Daniel Lolai, Wayne Siegel & Eric Siegel - LSL Advisors
  • Asking Rent: $52/ft
  • Lease Type: Modified Gross Lease

The brokers involved in the deal, Daniel Lolai, Wayne Siegel, and Eric Siegel from LSL Advisors, are currently seeking leasing brokers as indicated in a note from the broker. Those interested can contact Dave at [email protected] or call 516.708.3980 for further information.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker

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

305057.69%

Cash-on-Cash

-87186.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93