Savanna Leases 25000 Square Feet To MediaCo Holding At 48 W 25th St New York
48 W 25th St, New York, NY, 10010
Building Size
25,000 SF
Asset Type
Office
Closing
Jan 19, 2023
AI
The property involved in this lease transaction is located at 48 W 25th St, New York, NY, 10010, and has a total area of 25,000 square feet. It is situated in the New York market. The landlord for this transaction is Savanna, while MediaCo Holding is the tenant occupying the space.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 48 W 25th St, New York, NY, 10010
- Market: New York
- Landlord's Representative: Bruce Mosler - Cushman & Wakefield
- Tenant: MediaCo Holding
- Landlord: Savanna
- Square Feet: 25,000
This transaction involved key individuals and representatives, with Bruce Mosler representing the landlord, Savanna, in the negotiations for the lease. MediaCo Holding took on the lease obligations as the tenant in this deal.
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