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600 W 58th St, New York, NY...

Durst Organization Leases 65000 SF Office Space In New York
LEASEDOffice

Durst Organization Leases 65000 SF Office Space In New York

600 W 58th St, New York, NY, 10019

Building Size

65,000 SF

Asset Type

Office

Closing

Feb 14, 2017

AI

The office property located at 600 W 58th St, New York, NY, 10019, with a size of 65,000 square feet, was leased on 02/14/2017. The landlord, Durst Organization, was represented by Paul Wexler in this transaction in the New York market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Landlord: Durst Organization
  • Square Feet: 65,000
  • Landlord's Representative: Paul Wexler

The lease transaction for the office property at 600 W 58th St involved the Durst Organization as the landlord, with representation by Paul Wexler. This deal took place in the dynamic New York market.

Players

Paul Wexler

Broker

$9.1M

vol

4 deals

Broker
Durst Organization
Durst OrganizationBrokerage
Durst Organization
Durst OrganizationLandlord

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