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630 3rd Ave, New York, NY, ...

Leader Berkon Colao & Silverstein Leases Office Space At 630 3rd Ave, New York
LEASEDOffice

Leader Berkon Colao & Silverstein Leases Office Space At 630 3rd Ave, New York

630 3rd Ave, New York, NY, 10017

Building Size

10,193 SF

Asset Type

Office

Closing

Oct 25, 2019

AI

The office located at 630 3rd Ave, New York, NY, 10017, has been leased to Leader Berkon Colao & Silverstein. The property spans 10,193 square feet and is under the ownership of ATCO Properties & Management.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: Leader Berkon Colao & Silverstein
  • Landlord: ATCO Properties & Management
  • Tenant's Rep: Stephen Gordon
  • Market: New York

The leasing deal was facilitated with the assistance of Stephen Gordon, who served as the tenant's representative in the transaction.

Players

Stephen Gordon

Broker

4 deals

Broker
ATCO Properties & Management
ATCO Properties & ManagementBrokerage
ATCO Properties & Management
ATCO Properties & ManagementLandlord
Larry Silverstein

Larry Silverstein

Metro Loft

Tenant

$1.6B

vol

11 deals

Tenant

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