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

Oppenheimer & Co. Leases 13055 Sq Ft Office Space At 777 3rd Ave, New York
LEASEDOffice

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

Matthew Astrachan

JLL

Broker

$49.5M

vol

17 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