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845 3rd Ave, New York, NY, ...

Meagan Bonan Represents Tenant In 1825 SF Office Lease In New York
LEASEDOffice

Meagan Bonan Represents Tenant In 1825 SF Office Lease In New York

845 3rd Ave, New York, NY, 10022

Building Size

1,825 SF

Asset Type

Office

Closing

Aug 28, 2022

AI

The property involved in the transaction is located at 845 3rd Ave, New York, NY, 10022. This office asset spans 1,825 square feet and is part of a 21-story building with a total area of 365,000 square feet. The market for this property is New York.

Summary of transaction details:

The deal involves key representatives from Cushman & Wakefield, including Michael Azarian, Meagan Bonan, and James Ariola, who represented Mezeh Mediterranean Grill. Robert Steinman, Senior Vice President at Rudin Management Company, acted on behalf of the building ownership in this transaction.

Players

Robert Steinman

Rudin Management Company

Broker

11 deals

Broker
Rudin Management Company
Rudin Management CompanyLandlord

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