@MarthaStewart Leases Office In Midtown Manhattan From Kaufman Organization With Brokers Sami Akleh & Christina Combias
519 8th Ave, New York, NY 10018, USA
Building Size
75,830 SF
Asset Type
Office
Closing
Nov 4, 2019
AI
Located in Midtown, the property at 519 8th Avenue recently closed a transaction. The office space, spanning 7,583 square feet, was rented out by renowned lifestyle expert, Martha Stewart. The property was leased from the landlord, Kaufman Organization, with VORO Real Estate's Sami Akleh and Christina Combias representing both the tenant and landlord in the deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $48
- Tenant: @MarthaStewart
- Landlord: Kaufman Organization
- Brokers: VORO Real Estate - Sami Akleh & Christina Combias
The involvement of Martha Stewart adds prestige to the property lease, attracting attention to the highly desirable location in Midtown. VORO Real Estate's Sami Akleh and Christina Combias played a crucial role in facilitating the transaction between the tenant and landlord, ensuring a mutually beneficial agreement.
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