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800 3rd Avenue

Ropers Majeski Signs Lease At 800 3rd Avenue Manhattan For 11,000 Square Feet
LEASEDOffice

Ropers Majeski Signs Lease At 800 3rd Avenue Manhattan For 11,000 Square Feet

800 3rd Avenue

$75

$75/SF

Building Size

11,000 SF

Asset Type

Office

Closing

Jun 25, 2024

AI

The property asset involved in this transaction is located at 800 3rd Avenue, Midtown Manhattan. It features an office space totaling 11,000 square feet on the 29th floor of a 41-story tower. The asking rent for the office space was $75 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $825,000
  • Address: 800 3rd Avenue
  • Market: Midtown Manhattan
  • Lease Term: eight-year, 10-month lease
  • Landlord Representatives: Larry Swiger - SL Green Realty, Richard Teichman - Joseph P. Day Realty
  • Tenant: Ropers Majeski
  • Brokers: Robert Silver & Scott Brown - Newmark
  • Asking Rent: $75/ft
  • Square Footage: 11,000

Ropers Majeski signed a lease that will secure their occupation in the new space while relocating from 750 Third Avenue. This deal includes representation from Robert Silver and Scott Brown of Newmark as brokers facilitating the transaction.

Players

Robert Silver

Newmark

Broker

8 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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93