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747 3rd Ave, New York, NY, ...

William Kaufman Organization Leases Office Space At 747 3rd Ave To New 2nd Capital Advisors
LEASEDOffice

William Kaufman Organization Leases Office Space At 747 3rd Ave To New 2nd Capital Advisors

747 3rd Ave, New York, NY, 10017

Building Size

3,202 SF

Asset Type

Office

Closing

Sep 5, 2018

AI

The lease transaction involves a property located at 747 3rd Ave, New York, NY, 10017. The space encompasses 3,202 square feet and is set within the New York market.

Summary of transaction details:

The deal features key individuals including the landlord's representatives from JLL who played a pivotal role in the transaction and brokerage teams from JLL and Cushman & Wakefield, representing the differing parties involved in the lease agreement.

Players

Frank Doyle

JLL

Broker

$538.2M

vol

26 deals

Broker

William Kaufman

Organi

Landlord

$372M

vol

22 deals

Landlord

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