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730 3rd Ave, New York, NY, ...

K2 Integrity Leases Office Space At 730 3rd Ave, New York
LEASEDOffice

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

Scott Vinett

Savills

Broker

8 deals

Broker
TIAA
TIAALandlord

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