LEASEDOffice
GFP Real Estate Leases 3675 Square Feet To Tenant Represented By Carri Lyon In New York
505 8th Ave, New York, NY, 10018
Building Size
3,675 SF
Asset Type
Office
Closing
May 31, 2022
About this deal
AI
The property asset involved in this transaction is located at 505 8th Ave, New York, NY, 10018. This leased space encompasses 3,675 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 505 8th Ave, New York, NY, 10018
- Square Feet: 3,675
- Landlord: GFP Real Estate
- Tenant's Representative: Carri Lyon, Cushman & Wakefield
The deal features GFP Real Estate as the landlord while Carri Lyon from Cushman & Wakefield represents the tenant, providing representation in the transaction process.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse New York office leases on Traded.
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