Carollo Engineers Leases 3675 Square Feet From Savitt Partners At 530 7th Ave, New York
530 7th Ave, New York, NY, 10018
Building Size
3,675 SF
Asset Type
Office
Closing
Nov 5, 2020
About this deal
AI
The property involved in this transaction is located at 530 7th Ave, New York, NY, 10018. This lease encompasses a total area of 3,675 square feet. The transaction takes place in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Carollo Engineers
- Landlord: Savitt Partners
- Tenant's Representative: Dustin McFarland - Savills
This deal involved the participation of Savitt Partners as the landlord, while Dustin McFarland from Savills represented the tenant, Carollo Engineers, in the transaction.
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