Golenbock, Eiseman, Assor, Bell & Peskoe Leases Office Space At 711 3rd Ave, NYC
711 3rd Ave, New York, NY, 10017
$68
$68/SF
Building Size
38,050 SF
Asset Type
Office
Closing
Nov 24, 2015
AI
The property asset involved in this transaction is located at 711 3rd Ave, New York, NY, 10017. It is classified as an office asset with a rentable area of 38,050 square feet and a rent per square foot set at $68.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 711 3rd Ave, New York, NY, 10017
- Market: New York
- Square Feet: 38,050
- Rent/SF: $68
- Tenant: Golenbock, Eiseman, Assor, Bell & Peskoe
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Robert Silver-Newmark
- Lease Date: 11/24/2015
The deal involves Robert Silver from Newmark representing the tenant, Golenbock, Eiseman, Assor, Bell & Peskoe, in negotiations with SL Green Realty Corp., the landlord overseeing the property. The transaction illustrates a standard lease agreement executed in the office market of New York.
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
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93