Informa Leases 59613 Square Feet At 605 3rd Ave New York From Fisher Brothers Represented By Christopher Corrinet
605 3rd Ave, New York, NY, 10158
Building Size
59,613 SF
Asset Type
Office
Closing
Aug 22, 2017
AI
The property asset involved in this transaction is located at 605 3rd Ave, New York, NY, 10158. It encompasses a total square footage of 59,613 and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Footage: 59,613
- Address: 605 3rd Ave, New York, NY, 10158
- Tenant: Informa
- Landlord: Fisher Brothers
- Broker: Christopher Corrinet-CBRE
This lease transaction involves Informa as the tenant, who will occupy the space owned by Fisher Brothers, the landlord. The broker representing this deal is Christopher Corrinet from CBRE, facilitating the arrangements between the involved parties.
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