facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

62 West 45th Street, New Yo...

Hanna USA LLC, Super Jeweler LLC & MV Vanguard LLC Lease Office Space At 62 W. 45th St. In Midtown
LEASEDOffice

Hanna USA LLC, Super Jeweler LLC & MV Vanguard LLC Lease Office Space At 62 W. 45th St. In Midtown

62 West 45th Street, New York City, New York 10036, United States

Building Size

44,063 SF

Asset Type

Office

Closing

Feb 28, 2022

AI

The recently closed lease transaction involved an office property located at 62 W. 45th St. in Midtown. The property, owned by Renaissance Properties, was leased to three tenants, namely Hanna USA LLC, Super Jeweler LLC, and MV Vanguard LLC. The lease was negotiated by Avi Ben-Ishay from Eastwood Capital Properties, representing all three tenants across floors 2, 3, and 11. Each floor represented 4,650 RSF, totaling 13,950 RSF of leased space. Newmark acted as the representative for the landlord in this deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 62 W. 45th St.
  • Market: Midtown

Avi Ben-Ishay, from Eastwood Capital Properties, played a crucial role in negotiating this lease deal. Interestingly, as part of the agreement, a flag was negotiated to be displayed outside the building specifically for Superjeweler.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 deals

Broker
RN
Renaissance Properties NYLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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