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
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