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
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