Group Led By Walter & Samuels Chairman David I. Berley Signs Lease At 800 8th Ave
800 8th Ave, New York, NY, 10019
$52
$52/SF
Building Size
69,000 SF
Asset Type
Office
Closing
Feb 1, 2018
AI
The lease involves a property located at 800 8th Ave, New York, NY, 10019. The space comprises 69,000 square feet and has a rental rate of $52 per square foot. The market for this transaction is New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 800 8th Ave, New York, NY, 10019
- Square Feet: 69,000
- Rent/SF: $52
- Landlord: Group Led by Walter & Samuels Chairman David I. Berley
- Landlord's Representative: James Gladstone - Walter & Samuels Inc.
This transaction reflects the involvement of James Gladstone, who represents the landlord in this lease agreement, ensuring the interests of the Group led by David I. Berley are well-managed within the New York market.
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
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93