Erste Group Bank AG Leases 14000 Square Feet At 75 Rockefeller Plaza From RXR Realty
75 Rockefeller Plaza, New York, NY, 1...
Building Size
14,000 SF
Asset Type
Office
Closing
Aug 9, 2017
AI
The lease transaction involves a property located at 75 Rockefeller Plaza, New York, NY. The total square footage of the property is 14,000. The market for this transaction is New York. The landlord of the property is RXR Realty, while the tenant secured is Erste Group Bank AG.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 75 Rockefeller Plaza, New York, NY
- Market: New York
- Square Feet: 14,000
- Tenant: Erste Group Bank AG
- Landlord: RXR Realty
- Brokers: Ira Schuman - Savills
The broker representing the transaction is Ira Schuman from Savills, who facilitated the lease agreement between Erste Group Bank AG and RXR Realty. This transaction highlights the ongoing movements within the New York commercial real estate market.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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