CB Insights Leases 43000 Square Feet At 498 7th Ave New York With Tenant's Rep Drew Conner Ian Lester
498 7th Ave, New York, NY, 10018
Building Size
43,000 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is a lease located at 498 7th Ave, New York, NY, 10018. It covers a total area of 43,000 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 498 7th Ave, New York, NY, 10018
- Square Feet: 43000
- Tenant: CB Insights
- Landlord: George Comfort & Sons
- Tenant's Representatives: Drew Conner - Dashrock Group, Ian Lester - Lester Bleckner and Shaw LLP
This transaction showcases the involvement of key representatives in the lease agreement, including Drew Conner from Dashrock Group and Ian Lester from Lester Bleckner and Shaw LLP, who represent the tenant, CB Insights, 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