Charles S. Cohen Leases 15500 Square Feet At 622 3rd Ave New York With CBRE's David Glassman And Eric Ferriello As Tenant's Representatives
622 3rd Ave, New York, NY, 10017
Building Size
15,500 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this lease transaction is located at 622 3rd Ave, New York, NY, 10017. The space encompasses a total area of 15,500 square feet situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 622 3rd Ave, New York, NY, 10017
- Square Feet: 15,500
- Market: New York
- Landlord: Charles S. Cohen
- Tenant's Representative: David Glassman - CBRE, Eric Ferriello
The key individuals involved in this transaction include Charles S. Cohen, who serves as the landlord. The tenant's representatives are David Glassman and Eric Ferriello from CBRE, handling the leasing arrangements for the tenant.
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