Piton Investment Management Leases 3445 Square Feet At 777 3rd Ave New York From William Kaufman Organization
777 3rd Ave, New York, NY, 10017
Building Size
3,445 SF
Asset Type
Office
Closing
Dec 10, 2018
AI
The property involved in this transaction is located at 777 3rd Ave, New York, NY, 10017. The lease spans a total of 3,445 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Piton Investment Management
- Tenant's Representative: Koa Thomas-Fredericks - EXP Realty
- Landlord: William Kaufman Organization
The negotiation for this lease involved Koa Thomas-Fredericks representing Piton Investment Management, facilitating the agreement with the landlord, William Kaufman Organization, to secure the property for the tenant.
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