East End Capital Leases 11400 Square Feet At 580 8th Ave In New York With Alex Kantor As Representative
580 8th Ave, New York, NY, 10018
Building Size
11,400 SF
Asset Type
Office
Closing
Mar 15, 2019
AI
The property involved in the transaction is located at 580 8th Ave, New York, NY, 10018. It encompasses a total area of 11,400 square feet and is situated within the New York market.
Summary of transation details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 580 8th Ave, New York, NY, 10018
- Market: New York
- Landlord: East End Capital
- Landlord's Representative: Alex Kantor (CBRE)
- Tenant: Not specified
This lease transaction involves East End Capital as the landlord, with Alex Kantor from CBRE representing the landlord in this deal. Specific details regarding the tenant have not been provided.
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