Equity Office Leases Office Space To The Raine Group In New York
65 E 55th St, New York, NY, 10022
Building Size
33,253 SF
Asset Type
Office
Closing
Dec 20, 2017
About this deal
AI
The office property located at 65 E 55th St, New York, NY, 10022, in the New York market, boasts a total square footage of 33,253. The landlord of this asset is Equity Office, and the lease was finalized on December 20, 2017.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: The Raine Group
- Landlord: Equit Office
- Broker: Zachary Freeman (SJP Properties)
The tenant who secured the lease for the office property at 65 E 55th St is The Raine Group. Representing the landlord of this asset in the deal was Zachary Freeman from SJP Properties.
On the Map
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