Meridiam Leases 11823 Square Feet At Fisher Brothers In New York With Broker David Dusek
605 3rd Ave, New York, NY, 10158
Building Size
11,823 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 605 3rd Ave, New York, NY, 10158. It is situated in the New York market and encompasses a total of 11,823 square feet.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 605 3rd Ave, New York, NY, 10158
- Market: New York
- Square Feet: 11,823
- Tenant: Meridiam
- Landlord: Fisher Brothers
- Brokers: David Dusek - Cushman & Wakefield
The key individuals associated with this transaction include David Dusek representing the landlord, Fisher Brothers, and the tenant, Meridiam, highlighting the collaborative nature of the deal. The brokerage firm involved is Cushman & Wakefield, led by David Dusek.
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