Winged Keel Group Leases Office Space At 60 E 42nd St In New York
60 E 42nd St, New York, NY, 10165
Building Size
12,274 SF
Asset Type
Office
Closing
Jun 5, 2020
AI
The office property located at 60 E 42nd St, New York, NY, 10165 in the New York market has been leased. The landlord, Empire Real Estate Trust, finalized a deal with the tenant, Winged Keel Group. The lease transaction was facilitated by tenant's representatives Reid Longley and Robert Kennedy from Colliers International. The property consists of 12,274 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Winged Keel Group
- Landlord: Empire Real Estate Trust
- Square Feet: 12,274
- Tenant's Representatives: Reid Longley(Colliers International), Robert Kennedy(Colliers International)
Reid Longley and Robert Kennedy from Colliers International played crucial roles as the tenant's representatives in the lease deal. The Winged Keel Group secured the office space in the prime location of 60 E 42nd St in New York, adding to their real estate assets. Empire Real Estate Trust, as the landlord, successfully completed the transaction, providing the Winged Keel Group with an ideal office space to meet their business needs.
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