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777 3rd Avenue

Gregory Manto Of Iron Birch Advisors Signs Seven-Year Lease At 777 3rd Avenue In Midtown East
LEASEDOffice

Gregory Manto Of Iron Birch Advisors Signs Seven-Year Lease At 777 3rd Avenue In Midtown East

777 3rd Avenue

Building Size

840 SF

Asset Type

Office

Closing

Apr 3, 2025

AI

The property asset involved in this lease transaction is located at 777 3rd Avenue, positioned in the Midtown East market. It encompasses an office space with a total square footage of 8,400. The landlord for this asset is Jonathan Kaufman Iger of Sage, and the tenant is Gregory Manto of Iron Birch Advisors.

Summary of transaction details:

This lease agreement marks Iron Birch Advisors' relocation just one block north from its existing location. The representation for the landlord was provided by Jack Brennan and Michael Lenchner from Sage Realty, while Jeffrey Zund from Resolution Real Estate Partners represented the tenant in this deal.

Players

Michael Lenchner

Broker

6 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