facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

708 3rd Ave, New York, NY, ...

Benenson Capital Partners Leases 15000 SF At 708 3rd Ave New York From Marx Realty
LEASEDOffice

Benenson Capital Partners Leases 15000 SF At 708 3rd Ave New York From Marx Realty

708 3rd Ave, New York, NY, 10017

$78

$78/SF

Building Size

15,000 SF

Asset Type

Office

Closing

Jul 26, 2018

AI

The property involved in this transaction is located at 708 3rd Ave, New York, NY, 10017. It is situated in the New York market and consists of 15,000 square feet of space. The rent per square foot is set at $78.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 708 3rd Ave, New York, NY, 10017
  • Market: New York
  • Square Feet: 15,000
  • Rent/SF: $78
  • Landlord: Marx Realty & Improvement Co
  • Tenant: Benenson Capital Partners
  • Landlord's Representatives: Clark Finney (JLL), Howard Hersch (JLL)

The deal features Benenson Capital Partners as the tenant, while the landlord, Marx Realty & Improvement Co, is represented by Clark Finney and Howard Hersch from JLL. This represents a closed transaction involving notable participants in the commercial real estate sector within the New York market.

Players

Howard Hersch

Newmark

Broker

24 deals

Broker
Marx Realty
Marx RealtyBrokerage

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

203371.79%

Cash-on-Cash

-58124.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93