Lutheran Social Services Of New York Leases 11366 SF At 75 W 125th St In New York
75 W 125th St, New York, NY, 10027
$46
$46/SF
Building Size
11,366 SF
Asset Type
Office
Closing
Sep 14, 2018
AI
The property involved in this transaction is located at 75 W 125th St, New York, NY, 10027. It encompasses a total area of 11,366 square feet and is situated in the New York market. The rent per square foot for this property is set at $46.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 75 W 125th St, New York, NY, 10027
- Market: New York
- Tenant: Lutheran Social Services of New York
- Landlord: Gatsby Enterprises
- Tenant's Rep: Kenneth Salzman - Lee & Associates NYC
- Landlord's Rep: James Bullaro - Avenue Realty Advisors
Key individuals in the deal include Kenneth Salzman, who represents the tenant, Lutheran Social Services of New York, and James Bullaro, who represents the landlord, Gatsby Enterprises. These representatives played crucial roles in facilitating the lease agreement between the involved parties.
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
344847.83%
Cash-on-Cash
-98558.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93