Alchemy-ABR Investment Partners Leases 9575 Square Feet At 800 3rd Ave New York With Tenant's Rep Gary Kerper
800 3rd Ave, New York, NY, 10022
Building Size
9,575 SF
Asset Type
Office
Closing
Aug 29, 2017
AI
The property involved in this transaction is located at 800 3rd Ave, New York, NY, 10022. It encompasses a total area of 9,575 square feet and is situated in the competitive New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Alchemy-ABR Investment Partners
- Tenant's Representative: Gary Kerper-Savills Studley
- Landlord: SL Green Realty Corp.
Key players in this transaction include the tenant, Alchemy-ABR Investment Partners, who secured the lease, and the landlord, SL Green Realty Corp., who managed the property. The leasing agreement was facilitated by the representative of the tenant, Gary Kerper from Savills Studley.
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