Noel Flagg Of Newmark Represents Tenant In Lease Deal At 800 3rd Ave, New York
800 3rd Ave, New York, NY, 10022
Building Size
33,900 SF
Asset Type
Office
Closing
Dec 7, 2020
AI
The office property located at 800 3rd Ave, New York, NY, 10022 in the New York market has been leased. The asset spans 33,900 square feet and involves a lease transaction dated 12/07/2020. The landlord in this deal is SL Green Realty Corp.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant's Rep: Noel Flagg (Newmark)
- Landlord: SL Green Realty Corp.
Noel Flagg from Newmark represented the tenant in this lease transaction at 800 3rd Ave. The deal was facilitated with SL Green Realty Corp. acting as the landlord.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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