Oppenheimer & Co. Leases 13055 Sq Ft Office Space At 777 3rd Ave, New York
777 3rd Ave, New York, NY, 10017
Building Size
13,055 SF
Asset Type
Office
Closing
Dec 10, 2018
AI
The property asset involved in this transaction is an office space located at 777 3rd Ave, New York, NY, 10017. It encompasses an area of 13,055 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 777 3rd Ave, New York, NY, 10017
- Market: New York
- Square Feet: 13055
- Tenant: Oppenheimer & Co.
- Landlord: William Kaufman Organization
- Tenant's Rep: Matthew Astrachan-JLL, Steven Bauer-Colliers International
This transaction highlights the involvement of key representatives, specifically Matthew Astrachan from JLL and Steven Bauer from Colliers International, acting on behalf of the tenant, Oppenheimer & Co. The landlord, William Kaufman Organization, completes the parties engaged in this leasing agreement.
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