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605 3rd Ave, New York, NY, ...

Informa Leases 59613 Square Feet At 605 3rd Ave New York From Fisher Brothers Represented By Christopher Corrinet
LEASEDOffice

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

Christopher Corrinet

CBRE

Broker

11 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Winston Fisher

Winston Fisher

Fisher Brothers

Landlord

$1.6B

vol

18 deals

Landlord

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