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
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