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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 777 3rd Avenue
- Market: Midtown East
- Landlord: Jonathan Kaufman Iger - Sage
- Tenant: Gregory Manto - Iron Birch Advisors
- Landlord's Representative: Jack Brennan & Michael Lenchner - Sage Realty
- Tenant's Representative: Jeffrey Zund - Resolution Real Estate Partners
- Lease Duration: Seven years
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
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