AEG Live Leases Office Space At 49 W 23rd St, New York
49 W 23rd St, New York, NY, 10010
$66
$66/SF
Building Size
28,128 SF
Asset Type
Office
Closing
Feb 2, 2017
AI
The leased asset located at 49 W 23rd St, New York, NY, 10010, is an office space spanning 28,128 square feet. The rental rate for this property is $66 per square foot. AEG Live, represented by Lance Korman of Newmark, leased this office space from the landlord, Adams & Co.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: AEG Live
- Tenant's Rep: Lance Korman(Newmark)
- Landlord: Adams & Co.
- Rent/SF: $66
- Square Feet: 28,128
- Address: 49 W 23rd St, New York, NY, 10010
- Market: New York
The lease agreement for the office space at 49 W 23rd St was facilitated by Lance Korman of Newmark on behalf of the tenant, AEG Live, with Adams & Co. as the landlord. This transaction took place on February 2, 2017, in the bustling market of New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
240348.48%
Cash-on-Cash
-68692.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93