Alexander Wolf & Son Signs Lease For Office Space At 747 Third Avenue In New York
747 3rd Avenue, New York City, New York 10017, United States
Building Size
8,896 SF
Asset Type
Office
Closing
Oct 4, 2022
AI
Alexander Wolf & Son has leased an office space located at 747 Third Avenue in New York. The property measures approximately 8,896 square feet and the asking rent was $70 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 747 Third Avenue
- Market: New York
The lease deal was facilitated by the tenant's representative, Alexander Wolf & Son, who worked with JLL. On the landlord's side, the deal was represented by Michael Lenchner & Jack Brennan from Sage Realty.
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