Robert Martinez Represents General Atlantic Service At 55 E 52nd St, NY
55 E 52nd St, New York, NY, 10055
Building Size
93,500 SF
Asset Type
Office
Closing
Sep 26, 2016
About this deal
AI
The asset involved in this transaction is an office space located at 55 E 52nd St, New York, NY, 10055. The total square footage of the property is 93,500. The market for this transaction is New York.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 55 E 52nd St, New York, NY, 10055
- Market: New York
- Square Feet: 93,500
- Tenant: General Atlantic Service Company
- Landlord: Fisher Brothers
- Tenant's Representative: Robert Martinez-Rockstar Capital
Key individuals involved in the deal include the tenant General Atlantic Service Company, which has secured the lease for the office space, and the landlord Fisher Brothers, who owns the property. The transaction was facilitated by the tenant's representative, Robert Martinez of Rockstar Capital.
On the Map
Office
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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