Lazare Potter Giacovas & Moyle Leases 9310 Sqft Office At 747 3rd Ave, New York
747 3rd Ave, New York, NY, 10017
Building Size
9,310 SF
Asset Type
Office
Closing
Sep 5, 2018
AI
The office property located at 747 3rd Ave, New York, NY, 10017, under the ownership of William Kaufman Organization, has a total square footage of 9310. The tenant, Lazare Potter Giacovas & Moyle, occupies this office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Available
- Address: 747 3rd Ave, New York, NY, 10017
- Market: New York
- Tenant: Lazare Potter Giacovas & Moyle
- Landlord: William Kaufman Organization
- Square Feet: 9310
Robert Eisenberg, represented the landlord, William Kaufman Organization, in the leasing transaction of the office space at 747 3rd Ave. This deal showcases the involvement of key individuals in facilitating the lease agreement between the landlord and the tenant, Lazare Potter Giacovas & Moyle.
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