Broadridge Financial Solutions Leases Office Space At 605 3rd Ave In New York
605 3rd Ave, New York, NY, 10158
Building Size
85,000 SF
Asset Type
Office
Closing
Nov 16, 2018
About this deal
AI
The property asset involved in this transaction is an office space located at 605 3rd Ave, New York, NY, 10158. It has a total square footage of 85,000 and is situated in the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Feet: 85,000
- Address: 605 3rd Ave, New York, NY, 10158
- Market: New York
- Tenant: Broadridge Financial Solutions
- Landlord: Fisher Brothers
- Brokers: Michael Ciotta-Oxford and Simpson, Paul Amoruso-Oxford and Simpson
The transaction involved Broadridge Financial Solutions as the tenant and Fisher Brothers as the landlord. The brokers representing the deal were Michael Ciotta and Paul Amoruso from Oxford and Simpson.
On the Map
Office
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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