Itochu Techno Solutions America Leases 3128 Square Feet From ATCO Properties & Management In New York
630 3rd Ave, New York, NY, 10017
Building Size
3,128 SF
Asset Type
Office
Closing
Sep 17, 2021
About this deal
AI
The lease property is located at 630 3rd Ave, New York, NY, 10017. The total area of the leased space comprises 3,128 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Itochu Techno Solutions America
- Landlord: ATCO Properties & Management
- Tenant's Representative: Junji Miyake, Cushman & Wakefield
This leasing transaction involves multiple parties, with Itochu Techno Solutions America securing the lease under the representation of Junji Miyake from Cushman & Wakefield. The landlord, ATCO Properties & Management, facilitated the transaction, marking a significant agreement within the New York commercial real estate sector.
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Office
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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