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600 3rd Ave, New York, NY, ...

Kane Kessler Leases 26258 Square Feet At 600 3rd Ave New York From L&L Holding Company
LEASEDOffice

Kane Kessler Leases 26258 Square Feet At 600 3rd Ave New York From L&L Holding Company

600 3rd Ave, New York, NY, 10016

Building Size

26,258 SF

Asset Type

Office

Closing

Feb 8, 2021

AI

The property involved in this transaction is located at 600 3rd Ave, New York, NY, 10016. It has a total area of 26,258 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: Kane Kessler
  • Landlord: L&L Holding Company
  • Tenant's Representative: David Falk - Newmark
  • Landlord's Representatives: Frank Doyle - JLL, Jonathan Fanuzz - Newmark

This lease transaction involved Kane Kessler, who will occupy the space, and L&L Holding Company, the landlord. The negotiation team consisted of David Falk representing the tenant and a dual representation by Frank Doyle and Jonathan Fanuzz for the landlord.

Players

Frank Doyle

JLL

Broker

$538.2M

vol

26 deals

Broker
David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
LC
L&L Holding CompanyLandlord

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