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75 W 125th St, New York, NY...

Lutheran Social Services Of New York Leases 11366 SF At 75 W 125th St In New York
LEASEDOffice

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

James Bullaro

ARA

Broker

10 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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