LEASEDOffice
Kyle Ciminelli Represents Tenant In Office Lease At 711 3rd Ave, New York
711 3rd Ave, New York, NY, 10017
Building Size
10,442 SF
Asset Type
Office
Closing
Dec 10, 2019
AI
The lease transaction dated 12/10/2019 involved an office property located at 711 3rd Ave, New York, NY, 10017. The asset spans 10,442 square feet and was leased in the New York market. SL Green Realty Corp acted as the landlord in this transaction.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant's Representative: Kyle Ciminelli
Players
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