Transwestern's Lauren Davidson Completes Office Lease At 528 7th Ave In New York
528 7th Ave, New York, NY, 10018
$59
$59/SF
Building Size
7,400 SF
Asset Type
Office
Closing
May 17, 2016
About this deal
AI
The property asset involved in this transaction is an office space located at 528 7th Ave, New York, NY, 10018. The lease agreement was finalized on May 17, 2016, and encompasses a total area of 7,400 square feet. The rent per square foot for this office space is set at $59, making it a valuable addition to the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 528 7th Ave, New York, NY, 10018
- Market: New York
- Landlord: Savitt Partners
- Tenant's Representative: Lauren Davidson (Transwestern)
- Rent/SF: $59
- Square Feet: 7,400
The key individuals involved in this transaction include Lauren Davidson, who represented the tenant in the lease agreement. The landlord for this property is Savitt Partners, further highlighting the professional connections in the real estate market for this office space in New York.
On the Map
$59
$59/SF
Office
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Players
New York Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
268864.41%
Cash-on-Cash
-76842.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93