Schlesinger Associates Leases Office Space At 711 3rd Ave, New York
711 3rd Ave, New York, NY, 10017
$65
$65/SF
Building Size
17,587 SF
Asset Type
Office
Closing
Jul 18, 2017
About this deal
AI
The office property located at 711 3rd Ave, New York, NY, 10017 in the New York market, was leased on 07/18/2017. The tenant, Schlesinger Associates, signed a lease for 17,587 square feet at a rate of $65 per square foot. The landlord in this transaction was SL Green Realty Corp.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Schlesinger Associates
- Tenant's Representative: Michael Liss (CBRE)
- Landlord: SL Green Realty Corp.
- Rent/SF: $65
- Square Feet: 17,587
Michael Liss from CBRE represented the tenant, Schlesinger Associates, in this lease deal.
On the Map
$65
$65/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93