Ronald Shakerdge Secures Lease At 750 3rd Ave, New York Office
750 3rd Ave, New York, NY, 10017
Building Size
17,890 SF
Asset Type
Office
Closing
Jul 22, 2022
About this deal
AI
The office property located at 750 3rd Ave, New York, NY, 10017, in the vibrant market of New York, encompasses a total of 17,890 square feet. The lease for this prime office space was finalized on 07/22/2022. The Tenant's Representative in this transaction was Ronald Shakerdge from Republic Realty Services, while the Landlord was SL Green Realty Corp.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 750 3rd Ave, New York, NY, 10017
- Market: New York
- Tenant's Rep: Ronald Shakerdge (Republic Realty Services)
- Landlord: SL Green Realty Corp.
- Square Feet: 17,890
The involvement of Ronald Shakerdge from Republic Realty Services as the Tenant's Representative highlights the expertise and negotiation skills brought to the table. SL Green Realty Corp., as the Landlord, showcases their commitment to maintaining quality properties in the highly competitive New York market.
Players
New York Office Market Snapshot
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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