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

Lauren Davidson Of Transwestern Leases Office Space At 711 3rd Ave, New York
LEASEDOffice

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

Lauren Davidson

Transwestern

Broker

6 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