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48 W 47th St, New York, NY,...

Updated Nov 28, 2024

Millburn Ridgefield Corp Leases Office Space On 48 W 47th St, New York
LEASEDOffice

Millburn Ridgefield Corp Leases Office Space On 48 W 47th St, New York

48 W 47th St, New York, NY, 10036

Building Size

22,523 SF

Asset Type

Office

Closing

May 31, 2018

About this deal

AI

The office property located at 48 W 47th St, New York, NY, 10036, boasts a total area of 22,523 square feet. The lease for this property was finalized on 05/31/2018 in the vibrant New York market. The tenant, Millburn Ridgefield Corporation, was represented by Scott Gottlieb of CBRE, while the landlord, SL Green Realty Corp., was involved in the transaction. Laurence Briody, Jr. of CBRE also played a role as one of the brokers in this deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant's Rep: Scott Gottlieb (CBRE)
  • Brokers: Laurence Briody, Jr. (CBRE)

The lease agreement for the office space at 48 W 47th St was a collaborative effort with the tenant represented by Scott Gottlieb from CBRE. The landlord, SL Green Realty Corp., facilitated the transaction, showcasing a well-negotiated deal in the bustling market of New York.

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Players

Scott Gottlieb

CBRE

Broker

9 deals

Broker
SL Green
SL GreenLandlord
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New York Office Market Snapshot

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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

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