Ricoh USA Leases 30469 Square Feet At 711 3rd Ave From SL Green Realty Corp
711 3rd Ave, New York, NY, 10017
Building Size
30,469 SF
Asset Type
Office
Closing
Mar 14, 2017
AI
The property involved in this transaction is located at 711 3rd Ave, New York, NY, 10017. It is situated in the New York market and has a total area of 30,469 square feet. The tenant in this lease is Ricoh USA, while the landlord is SL Green Realty Corp.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 711 3rd Ave, New York, NY, 10017
- Market: New York
- Tenant: Ricoh USA
- Landlord: SL Green Realty Corp.
- Square Feet: 30,469
- Tenant's Representative: Joseph Mangiacotti, Kurt Burdack, Carolyn Sica - CBRE
This transaction highlights the involvement of key representatives from CBRE, where Joseph Mangiacotti, Kurt Burdack, and Carolyn Sica represented Ricoh USA in the lease agreement with SL Green Realty Corp., the landlord.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93