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7 West 45th Street, New Yor...

TheLivMethod Leases Office Space At 7 West 45th Street In Midtown Manhattan With Brokers Jonathan Loloi & Richard Nassimi
LEASEDOffice

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

Jonathan Loloi

The Nassimi Group

Broker

$9.4M

vol

6 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