TheLivMethod Leases Office Space At 7 West 45th Street In Midtown Manhattan With Brokers Jonathan Loloi & Richard Nassimi
7 West 45th Street, New York, NY, USA
Building Size
5,463 SF
Asset Type
Office
Closing
Jan 25, 2020
AI
7 West 45th Street in Midtown has been leased for office use. The tenant for this property is TheLivMethod. The lease was facilitated by brokers Jonathan Loloi and Richard Nassimi of TheNassimiGroup. The asking rent for this 5,463 square feet space is $50 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 7 West 45th Street
- Market: Midtown
- Tenant: TheLivMethod
- Brokers: Jonathan Loloi & Richard Nassimi of TheNassimiGroup
- Asking Rent: $50/ft.
- Square Footage: 5,463
Jonathan Loloi and Richard Nassimi from TheNassimiGroup represented TheLivMethod in this lease transaction.
Players
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