MREA Leases Office Space At 633 Third Avenue In Midtown Manhattan
633 3rd Avenue, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Office
Closing
May 9, 2021
About this deal
AI
633 Third Avenue, located in Midtown Manhattan, has been recently leased. The property, an office space, was leased by MREA, a new commercial real estate brokerage. The landlord of the property is Maze Health. Chris Keegan, representing MREA as their broker, facilitated the deal. The leasing transaction took place on 05/10/2021.
Summary of transaction details:
- Property Type: Office
- Asking Rent: $80 per square foot
- Square Footage: 1,000
- Tenant: MREA
- Landlord: Maze Health
- Tenant's Broker: Chris Keegan - Medical Realty Advisors
MREA, a commercial real estate brokerage that specializes in owner-user properties, chose 633 Third Avenue as their new office space. This transaction highlights Maze Health as the property's landlord and Chris Keegan from Medical Realty Advisors as the broker representing MREA. The deal was successfully closed, bringing together the tenant and the landlord for the lease of this Midtown Manhattan office.
For more information about MREA and the roles they are currently hiring for, interested parties can reach out to Chris directly at [email protected].
Players
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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