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757 3rd Ave, New York, NY, ...

Jones Trading Leases 7000 SF Office At 757 3rd Ave, New York
LEASEDOffice

Jones Trading Leases 7000 SF Office At 757 3rd Ave, New York

757 3rd Ave, New York, NY, 10017

$75

$75/SF

Building Size

7,000 SF

Asset Type

Office

Closing

Sep 13, 2016

AI

The office located at 757 3rd Ave, New York, NY, 10017, was leased on 09/13/2016, with a rental rate of $75 per square foot for a total of 7,000 square feet. The tenant, Jones Trading, was represented by Kirill Azovtsev from Savills and Paul Fomichelli from JLL. The landlord, Bentall Kennedy, secured Matthew Coudert from George Comfort & Sons as their representative in the transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Market: New York
  • Tenant: Jones Trading
  • Tenant's Rep: Kirill Azovtsev (Savills), Paul Fomichelli (JLL)
  • Landlord: Bentall Kennedy
  • Landlord's Rep: Matthew Coudert (George Comfort & Sons)
  • Rent/SF: $75
  • Square Feet: 7,000

The collaboration on this office lease involved notable industry professionals. Kirill Azovtsev from Savills and Paul Fomichelli from JLL represented Jones Trading, while Matthew Coudert from George Comfort & Sons acted as the landlord's representative, facilitating a successful deal for the 7000 square foot office space in New York.

Players

Kirill Azovtsev

Savills

Broker

$10.3M

vol

28 deals

Broker
BK
Bentall KennedyLandlord
JP
Jones Street Investment PartnersTenant

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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93