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
About this deal
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
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