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685 3rd Ave, New York, NY, ...

Crain Communications Leases 6758 Square Feet At 685 3rd Ave New York From Unizo Holding Co
LEASEDOffice

Crain Communications Leases 6758 Square Feet At 685 3rd Ave New York From Unizo Holding Co

685 3rd Ave, New York, NY, 10017

Building Size

6,758 SF

Asset Type

Office

Closing

Aug 30, 2018

AI

685 3rd Ave, New York, NY, 10017, is a commercial property in the New York market. The property includes a lease expansion of 6,758 square feet for Crain Communications, with a lease term of five years.

Summary of transaction details:

Brad Auerbach, David Hollander, Ken Meyerson, and Mary Ann Tighe represented Crain Communications in the lease expansion, while Unizo Holding Co. was represented in the transaction by Matthew Astrachan, Frank Doyle, Jonathan Fanuzzi, Clark Finney, and Dan Santagata from JLL.

Players

Frank Doyle

JLL

Broker

$538.2M

vol

26 deals

Broker

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