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
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