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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 747 3rd Ave, New York, NY, 10017
- Square Feet: 3,202
- Landlord: William Kaufman Organization
- Tenant: New 2nd Capital Advisors
- Landlord's Representatives: Cynthia Wasserberger-JLL, Frank Doyle-JLL, Harlan Webster-JLL, Hayley Schoener
- Brokers: Kip Orban-JLL, David Dusek-Cushman & Wakefield
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.
On the Map
Office
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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