William T. Grant Foundation Leases 12700 SF From Empire State Realty Trust At 60 E 42nd St
60 E 42nd St, New York, NY, 10165
$72
$72/SF
Building Size
12,700 SF
Asset Type
Office
Closing
Jan 31, 2018
About this deal
AI
The property asset involved in this transaction is located at 60 E 42nd St, New York, NY, 10165. The leased space comprises 12,700 square feet with a rent of $72 per square foot. This transaction is situated in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not disclosed
- Address: 60 E 42nd St, New York, NY, 10165
- Market: New York
- Tenant: William T. Grant Foundation
- Landlord: Empire State Realty Trust
- Broker: Jonathan Larsen - Avison Young
This transaction involved key players, including the tenant, William T. Grant Foundation, and the landlord, Empire State Realty Trust. Jonathan Larsen from Avison Young represented the landlord in this lease agreement.
On the Map
$72
$72/SF
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
220319.44%
Cash-on-Cash
-62967.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93