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56 W 22nd St, New York, NY,...

Hope Street Capital Leases 5508 Square Feet At 56 W 22nd St New York From Kaufman Organization
LEASEDOffice

Hope Street Capital Leases 5508 Square Feet At 56 W 22nd St New York From Kaufman Organization

56 W 22nd St, New York, NY, 10010

Building Size

5,508 SF

Asset Type

Office

Closing

Nov 29, 2022

AI

The property involved in this lease transaction is located at 56 W 22nd St, New York, NY, 10010. The total area of the property is 5,508 square feet, situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 56 W 22nd St, New York, NY, 10010
  • Square Feet: 5508
  • Landlord: Kaufman Organization
  • Tenant: Hope Street Capital
  • Landlord's Representative: Grant Greenspan-Kaufman Organization

The deal involves key entities such as Kaufman Organization as the landlord and Hope Street Capital acting as the tenant. Grant Greenspan from Kaufman Organization serves as the landlord's representative in this transaction.

Players

Grant Greenspan

Kaufman Organization

Broker

10 deals

Broker
Kaufman Organization
Kaufman OrganizationLandlord
Hope Street Capital
Hope Street CapitalTenant

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