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60 E 42nd St, New York, NY,...

William T. Grant Foundation Leases 12700 SF From Empire State Realty Trust At 60 E 42nd St
LEASEDOffice

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

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.

Players

Stephen Gordon

Broker

4 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

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