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800 3rd Ave, New York, NY, ...

Alchemy-ABR Investment Partners Leases 9575 Square Feet At 800 3rd Ave New York With Tenant's Rep Gary Kerper
LEASEDOffice

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

Gary Kerper

Durst Organization

Broker

4 deals

Broker
Savills
SavillsBrokerage
SL Green
SL GreenLandlord

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