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55 E 52nd St, New York, NY,...

Robert Martinez Represents General Atlantic Service At 55 E 52nd St, NY
LEASEDOffice

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

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.

Players

Robert Martinez

Rockstar Capital

Broker

$51M

vol

5 deals

Broker
Winston Fisher

Winston Fisher

Fisher Brothers

Landlord

$1.6B

vol

18 deals

Landlord

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