DWS Group Leases 82000 Square Feet At 875 3rd Ave New York With Kenneth Siegel Of JLL
875 3rd Ave, New York, NY, 10022
$82
$82/SF
Building Size
82,000 SF
Asset Type
Office
Closing
Apr 27, 2018
About this deal
AI
The property involved in this transaction is located at 875 3rd Ave, New York, NY, 10022. The lease agreement pertains to a space of 82,000 square feet with a rent price set at $82 per square foot. The market for this transaction is New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $6,704,000
- Address: 875 3rd Ave, New York, NY, 10022
- Market: New York
- Tenant: DWS Group
- Landlord: Global Holdings Management Group
- Tenant's Representative: Kenneth Siegel (JLL)
Key individuals in this transaction include Kenneth Siegel from JLL, representing the tenant DWS Group, while Global Holdings Management Group serves as the landlord for the leased property.
On the Map
$82
$82/SF
Office
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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
193451.22%
Cash-on-Cash
-55288.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93