Newsmax Leases Office Space At 805 3rd Ave, New York In Deal With Cohen Brothers
805 3rd Ave, New York, NY, 10022
Building Size
24,000 SF
Asset Type
Office
Closing
Sep 16, 2021
AI
The property asset involved is an office space located at 805 3rd Ave, New York, NY, 10022. The leased area encompasses 24,000 square feet within the New York market. The transaction took place on September 16, 2021, and the landlord is Cohen Brothers Realty Corporation.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 805 3rd Ave, New York, NY, 10022
- Square Feet: 24,000
- Tenant: Newsmax
- Tenant's Representative: Peter Michailidis - JLL
- Landlord: Cohen Brothers Realty Corporation
The deal involved Peter Michailidis representing Newsmax, facilitating their leasing agreement with Cohen Brothers Realty Corporation. Details regarding the terms of the lease or specific negotiations were not disclosed.
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