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711 3rd Ave, New York, NY, ...

SL Green Realty Corp Leases 82557 Square Feet To Tenant Represented By MHP Real Estate Services
LEASEDOffice

SL Green Realty Corp Leases 82557 Square Feet To Tenant Represented By MHP Real Estate Services

711 3rd Ave, New York, NY, 10017

Building Size

82,557 SF

Asset Type

Office

Closing

Dec 10, 2019

AI

The property involved in this transaction is located at 711 3rd Ave, New York, NY, 10017. It consists of 82,557 square feet and is situated within the New York market. The landlord for this lease is SL Green Realty Corp.

Summary of transation details:

The tenant's representatives in this lease transaction are Joseph Friedman, David Sturner, and Jessica Tenenbaum, all affiliated with MHP Real Estate Services, indicating a collaborative effort from their team to secure the lease for their client.

Players

Joseph Friedman

Broker

$66.3M

vol

5 deals

Broker
SL Green
SL GreenLandlord

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