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499 7th Ave, New York, NY, ...

499 7th Ave
LEASEDOffice

499 7th Ave

499 7th Ave, New York, NY, 10018

Building Size

2,800 SF

Asset Type

Office

Closing

Dec 11, 2020

AI

The property involved in the transaction is located at 499 7th Ave, New York, NY, 10018. This asset encompasses a total of 2800 square feet and is situated in the New York market.

Summary of transaction details:

The representatives for the tenant, Justin Myers and Dennis Someck, are both affiliated with Lee & Associates, while the landlord's side is represented by Brian Neugeboren and Elliot Zelinger. This collaboration reflects the structure of the professionals engaged in facilitating the lease agreement.

Players

Dennis Someck

Lee & Associates

Broker

26 deals

Broker
BL
Block Building L.L.CLandlord

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