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
About this deal
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.
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