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

Joe Friedman Of Edge Commercial Represents Tenant In Lease Transaction With SL Green Realty Corp At 711 3rd Ave
LEASEDOffice

Joe Friedman Of Edge Commercial Represents Tenant In Lease Transaction With SL Green Realty Corp At 711 3rd Ave

711 3rd Ave, New York, NY, 10017

Building Size

49,731 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in this lease transaction is located at 711 3rd Ave, New York, NY, 10017. It encompasses a total area of 49,731 square feet within the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 711 3rd Ave, New York, NY, 10017
  • Square Feet: 49,731
  • Tenant's Representative: Joe Friedman-Edge Commercial
  • Landlord: SL Green Realty Corp.

This lease transaction involved key stakeholders, with Joe Friedman representing the tenant, highlighting his role in facilitating the deal for the tenant, while SL Green Realty Corp. acted as the landlord in the agreement.

Players

Joe Friedman

KLNB

Broker

$131M

vol

11 deals

Broker
Avison Young
Avison YoungBrokerage
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