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777 3rd Ave, New York, NY, ...

WestPoint Home Leases 24650 Square Feet At 777 3rd Ave From Avon Products
LEASEDOffice

WestPoint Home Leases 24650 Square Feet At 777 3rd Ave From Avon Products

777 3rd Ave, New York, NY, 10017

Building Size

24,650 SF

Asset Type

Office

Closing

Apr 5, 2019

AI

The property involved in this lease transaction is located at 777 3rd Ave, New York, NY, 10017, within the New York market. This property offers a total square footage of 24,650. The landlord for this transaction is Avon Products.

Summary of transaction details:

The transaction involved multiple representatives from Cushman & Wakefield and Colliers International, showcasing collaboration in the leasing process. The brokers played a crucial role in facilitating the deal, representing WestPoint Home and Avon Products in negotiations and the execution of the lease.

Players

Michael Katz

Broker

2 deals

Broker

Michael Monahan

CBRE

Broker

$260.6M

vol

8 deals

Broker

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