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
About this deal
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.
On the Map
$78
$78/SF
Office
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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
203371.79%
Cash-on-Cash
-58124.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93