K2 Integrity Leases Office Space At 730 3rd Ave, New York
730 3rd Ave, New York, NY, 10017
Building Size
39,968 SF
Asset Type
Office
Closing
Jun 8, 2022
AI
The property at 730 3rd Ave, New York, NY, 10017 is an office asset with a total square footage of 39968. The lease was finalized on 06/08/2022 in the New York market. The landlord, Teachers Insurance and Annuity Association, completed the transaction with the tenant, K2 Integrity. Scott Vinett from JLL represented the landlord in this deal.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 730 3rd Ave, New York, NY, 10017
- Market: New York
- Tenant: K2 Integrity
- Landlord: Teachers Insurance and Annuity Association
- Square Feet: 39968
- Landlord's Rep: Scott Vinett(JLL)
The lease agreement for the office space at 730 3rd Ave was successfully negotiated between Teachers Insurance and Annuity Association and K2 Integrity. Scott Vinett, representing JLL, played a crucial role in facilitating the deal, ensuring a smooth transaction for both parties involved.
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