Lauren Davidson Of Transwestern Leases Office Space At 711 3rd Ave, New York
711 3rd Ave, New York, NY, 10017
Building Size
5,443 SF
Asset Type
Office
Closing
Jul 31, 2018
AI
The office located at 711 3rd Ave, New York, NY, 10017, in the New York market, has been leased. The landlord, SL Green Realty Corp., finalized the transaction on 07/31/2018. The property spans 5,443 square feet and was secured by a tenant's rep, Lauren Davidson of Transwestern.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant's Rep: Lauren Davidson (Transwestern)
- Landlord: SL Green Realty Corp.
- Square Feet: 5443
The lease deal was facilitated with Lauren Davidson representing Transwestern as the tenant's rep, while the property is under the ownership of SL Green Realty Corp. The transaction underscores the active real estate market in New York, with this office lease being a notable recent development.
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