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

Winged Keel Group Leases Office Space At 60 E 42nd St In New York
LEASEDOffice

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

Reid Longley

Colliers

Broker

5 deals

Broker

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