777 3rd Ave
777 3rd Ave, New York, NY, 10017
Building Size
98,600 SF
Asset Type
Office
Closing
Jul 31, 2017
AI
The property involved in this lease transaction is located at 777 3rd Ave, New York, NY, 10017, situated in the New York market. The square footage of the property is 98,600, and the landlord for this lease is Avon. The tenant in this transaction is the Hospital for Special Surgery.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 777 3rd Ave, New York, NY, 10017
- Market: New York
- Tenant: Hospital for Special Surgery
- Landlord: Avon
- Tenant's Representative: Brian Given - Colliers International
- Square Feet: 98,600
Key individuals in this transaction include Brian Given from Colliers International, representing the tenant, the Hospital for Special Surgery, as they enter into a lease agreement with the landlord, Avon.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93