Council On Adoptable Children Leases 5200 SF At 589 8th Ave From Tower 39 Associates
589 8th Ave, New York, NY, 10018
$49
$49/SF
Building Size
5,200 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 589 8th Ave, New York, NY, 10018. It is situated in the New York market and consists of 5,200 square feet. The rent per square foot for this lease is $49.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Council on Adoptable Children
- Landlord: Tower 39 Associates
- Tenant's Representative: David Lebenstein - Cushman & Wakefield, Joe McLaughlin - Capstone Realty Advisors
- Landlord's Representative: Jared Winter - Newmark Knight Frank
In this transaction, the tenant, represented by David Lebenstein from Cushman & Wakefield and Joe McLaughlin from Capstone Realty Advisors, has made an agreement with the landlord, Tower 39 Associates, whose interests were represented by Jared Winter of Newmark Knight Frank.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
323734.69%
Cash-on-Cash
-92524.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93