CBRE Oversees Lease Of Office Space At 805 3rd Ave In New York
805 3rd Ave, New York, NY, 10022
Building Size
22,109 SF
Asset Type
Office
Closing
Oct 4, 2019
About this deal
AI
The office space located at 805 3rd Ave in New York, NY, 10022, spanning 22,109 square feet, was leased on October 4, 2019. The landlord, Meredith Corporation, facilitated the transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant's Rep: William (Bill) Iacovelli(CBRE)
The leasing deal at 805 3rd Ave involved William (Bill) Iacovelli from CBRE acting as the tenant's representative. The property, situated in New York, was leased from the landlord, Meredith Corporation.
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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