FMCG Direct Leases 21229 Square Feet At 605 3rd Ave New York With Fisher Brothers As Landlord
605 3rd Ave, New York, NY, 10158
Building Size
21,229 SF
Asset Type
Office
Closing
Jul 23, 2018
About this deal
AI
The property involved in this transaction is located at 605 3rd Ave, New York, NY, 10158. The total square footage of the leased space is 21,229. The transaction occurs in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 605 3rd Ave, New York, NY, 10158
- Square Feet: 21,229
- Tenant: FMCG Direct
- Landlord: Fisher Brothers
- Tenant's Representative: Harry Krausman-Cushman & Wakefield
In this transaction, Fisher Brothers acts as the landlord while FMCG Direct is represented by Harry Krausman from Cushman & Wakefield, detailing the key figures engaged in the leasing arrangement.
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